Markets

Market Chatter: WTI Crude Pares Losses as Euro, Equities Reduce Declines

A generic image of two people across each other
Credit: Shutterstock photo

"West Texas Intermediate crude pared losses as equities came off intraday lows after European policymakers signaled flexibility on the application of an unprecedented bank tax in Cyprus," Bloomberg reported.

It said: "Futures slipped for the first time in three days as the levy on bank savings threatened to worsen Europe's debt crisis. WTI for April delivery declined 17 cents to $93.28 a barrel on the New York Mercantile Exchange after falling to $91.76. Brent for May settlement dropped 66 cents, or 0.6%, to $109.16 a barrel on the London-based ICE Futures Europe exchange."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

MTNewswires

Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

Learn More