Crude Oil and Natural Gas Wait For US GDP

WTI crude oil rose more than 1% yesterday, exceeding gains in Brent crude, after strong U.S. housing market data bolstered confidence that economic growth and fuel demand were accelerating. Oil traders have been monitoring economic numbers for signs of a potential improvement in fuel demand. Markets awaited the outcome of a two-day Federal Reserve policy meeting as well as first estimates for fourth-quarter gross domestic product in the United States due later today.Continue Reading...

By FX Empire Analyst - Barry Norman