US crude oil ends yesterday stable around $77.39 per barrel .
Trading week at a glance - Crude Oil is up to $77.39 per barrel, after closing yesterday at zero cents. Overall, a 0% move or $77.39 this week. (Start trading WTI crude at FXTM today).
West Texas crude upside coincides with further encouraging market factors as highly important Pending Home Sales data from United States beat analyst expectations of -0.9% with a reading of 2.5%. Highly important Core Durable Goods Orders data from United States beat analyst expectations of -0.2% with a reading of -0.1%. United States GDP released Thursday is better than expected at 2.9 but down from preceding data of 3.2 according to new data.
At the same time, United States Core PCE Price Index (MoM) (Dec) came out at 0.3, while a consensus of analysts was expecting 0.3. United States New Home Sales (Dec) released Thursday with a figure of 616,000, while the previous figure was 602,000.
Furthermore, the market is looking at United States Crude Oil Inventories projected to decline to -1,000,000 while previous data was 533,000; data will be released tomorrow at 15:30 UTC.
Also worthy of note, United States ADP Nonfarm Employment Change (Jan) is scheduled for tomorrow at 13:15 UTC. United States Interest Rate is expected tomorrow at 19:00 UTC.