{"id":90325,"date":"2016-05-26T05:35:25","date_gmt":"2016-05-26T09:35:25","guid":{"rendered":"http:\/\/countingpips.com\/?p=90325"},"modified":"2016-05-26T05:35:25","modified_gmt":"2016-05-26T09:35:25","slug":"brent-oil-futures-rise-above-50","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/05\/brent-oil-futures-rise-above-50\/","title":{"rendered":"Brent oil futures rise above $50"},"content":{"rendered":"<div id=\"inves-2550573840\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">May 26, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>Brent crude oil, the international oil benchmark, rose above $50 a barrel for the first time since November. The July contract gained 0.7 per cent to $50.08 a barrel today, while WTI oil futures, rose 0.6 per cent to $49.86.<\/p>\n<p>Helping boost oil prices were reports showing US crude inventories had fallen more than expected last week.<\/p>\n<p>In other news, during the Asian session, Australian Capex data showed that private capital expenditure fell more than expected, fell 5.2 per cent in the first quarter. This was more than the 3.5 per cent decline economists had expected. However the reading for the previous quarter, originally rise of 0.8 per cent, was revised up to growth of 1.8 per cent. While the Capex data disappointed, investors were encouraged by the forecasts for spending next year that came in at A$89.2bn, which was A$2.5bn above economists\u2019 expectations.<\/p>\n<p>The Australian dollar reversed early declines to be 0.2 per cent higher at $0.7209.<\/p>\n<p>The dollar index, a measure of the US currency against a basket of global peers, was down 0.2 per cent in Asia on Thursday at 95.186, which was broadly providing support to other commodity prices. An index of base metals prices on the London Metal Exchange rose overnight, while gold was up 0.6 per cent to $1,231.70 an ounce in Asia.<\/p><div id=\"inves-2261579174\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>The yen was 0.5 per cent stronger at \u00a5109.67 per US dollar.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime Brent crude oil, the international oil benchmark, rose above $50 a barrel for the first time since November. The July contract gained 0.7 per cent to $50.08 a barrel today, while WTI oil futures, rose 0.6 per cent to $49.86. Helping boost oil prices were reports showing US crude inventories had fallen [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-90325","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=90325"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90325\/revisions"}],"predecessor-version":[{"id":90342,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90325\/revisions\/90342"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=90325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=90325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=90325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}