{"id":38734,"date":"2013-06-04T06:23:59","date_gmt":"2013-06-04T10:23:59","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=38734"},"modified":"2013-06-04T06:23:59","modified_gmt":"2013-06-04T10:23:59","slug":"wti-drops-after-mondays-session","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/06\/04\/wti-drops-after-mondays-session\/","title":{"rendered":"WTI drops after Monday\u2019s session"},"content":{"rendered":"<p><strong>By <u><a href=\"http:\/\/blog.hymarkets.com\/\" target=\"_blank\">HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n<p>West Texas intermediate crude futures dropped as it traded lower on Tuesday, moving back from the yesterday\u2019s session on the weakness in the U.S dollar. WTI crude futures pushed back by 0.41% to $93.07 per barrel, as Brent Crude futures stood at 0.24% to $101.82 per barrel.<\/p>\n<p>The US dollar index increased by 0.13% to 82.762. The Oil market is reacting to the fluctuations of the currency than the supply and demand mechanism, according to the market analysts.<span id=\"more-1943\"><\/span><\/p>\n<p>An estimated 650,000 is expected to drop in stockpiles, according to reports from the government inventories released on Wednesday, declining from the 82-year high.<\/p>\n<p>For the July settlement, Brent crude slid 24 cents to $101.82 a barrel on the ICE Futures Europe exchange. Increased from yesterday\u2019s grade of $8.61, Europe\u2019s benchmark grade rose to $8.77 to WTI Futures.<\/p>\n<p>The U.S refineries boosted the operating rates, rising 0.6 percentage points to 87 percent of capacity, according to the Bloomberg survey.<\/p>\n<p>The survey also indicated a possible increase of 1.2 million barrels in gasoline supplies last week, while inventories may have gained an estimated 1.5 million barrels.<\/p>\n<p>The Institute for supply management (ISM) index of manufacturing activity for the month of May closed at 49.0, while this month\u2019s ISM manufacturing purchasing managers\u2019 index (PMI) indicates that it\u2019s at its lowest since June 2009.<\/p>\n<p>&nbsp;<\/p>\n<p>The post <a href=\"http:\/\/blog.hymarkets.com\/world-market-news\/wti-drops-after-mondays-session.html\">WTI drops after Monday\u2019s session<\/a> appeared first on <a href=\"http:\/\/blog.hymarkets.com\">| HY Markets Official blog<\/a>.<\/p>\n<p> Article provided by <strong><u><a href=\"http:\/\/blog.hymarkets.com\/\" target=\"_blank\">HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By HY Markets Forex Blog West Texas intermediate crude futures dropped as it traded lower on Tuesday, moving back from the yesterday\u2019s session on the weakness in the U.S dollar. WTI crude futures pushed back by 0.41% to $93.07 per barrel, as Brent Crude futures stood at 0.24% to $101.82 per barrel. The US dollar &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/06\/04\/wti-drops-after-mondays-session\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;WTI drops after Monday\u2019s session&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-38734","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/38734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=38734"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/38734\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=38734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=38734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=38734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}