{"id":91345,"date":"2016-06-15T07:02:46","date_gmt":"2016-06-15T11:02:46","guid":{"rendered":"http:\/\/countingpips.com\/?p=91345"},"modified":"2016-06-15T07:02:46","modified_gmt":"2016-06-15T11:02:46","slug":"oil-still-correcting","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/06\/oil-still-correcting\/","title":{"rendered":"Oil Still Correcting"},"content":{"rendered":"<div id=\"inves-230258720\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 15, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><b>By Vadim Iossub, Alpari<\/b><\/p>\n<p>Oil prices are continuing in their correction. All Tuesday they were in a $49.5-50.0 range per barrel of Brent, however a report from the API showed a growth in reserves of 1.518 million barrels against a previous week&#8221;s fall of 3.560 million barrels. As a result, oil dropped straight to $49.2 per barrel. On Wednesday during the Asian session, it managed to restore only to $49.1 after a fall to $48.9. This evening will see more oil reserve reports from the US (this time from the EIA) which are likely to lead to a rise in market volatility.<\/p>\n<p>After a few days of an unbroken fall, on the majority of Asian stock markets a long-awaited positive correction. The Nikkei 225 rose by 0.5%. The ASX Australia lost 0.4%. The Shanghai Composite rose 1.4% and the Hang Seng rose 0.3%. Futures for the S&amp;P500 \u2014were trading at 2064; 0.1% below the previous trading day&#8221;s closing level.<\/p>\n<p>After yesterday&#8221;s demise from 1.1300 to 1.1210, Wednesday morning has seen the EUR\/USD trade in a 1.1190-1.1210 range. Until the results of the Fed meeting are published and the subsequent press conference and announcements are made, the key currencies won&#8221;t be too active as they await the most important news of June in a sideways.<\/p>\n<p>Article submitted by <a href=\"http:\/\/alpari.com\/en\/\">Alpari.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Vadim Iossub, Alpari Oil prices are continuing in their correction. All Tuesday they were in a $49.5-50.0 range per barrel of Brent, however a report from the API showed a growth in reserves of 1.518 million barrels against a previous week&#8221;s fall of 3.560 million barrels. As a result, oil dropped straight to $49.2 [&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-91345","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91345","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=91345"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91345\/revisions"}],"predecessor-version":[{"id":91363,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91345\/revisions\/91363"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=91345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=91345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=91345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}