Stalemate for US crude oil bulls and bears .
A good end to the trading week, Crude Oil is up to $90.54 per barrel, after closing yesterday at zero cents. Overall, a 0% move or $90.54 this week. (Trade WTI crude with FXTM now).
Uptick comes while some more positive signs for WTI crude are out as highly important Initial Jobless Claims data from United States beat analyst expectations of 225,000 with a reading of 201,000.
Meanwhile, United States Services PMI came out at 50.2, while a consensus of analysts was expecting 50.6. United States Existing Home Sales (Aug) released Thursday with a figure of 4 million, while the previous figure was 4 million. Fresh Philadelphia Fed Manufacturing Index (Sep) data from United States came out at -13.5. United States Interest Rate came out at 5.5, while a consensus of analysts was expecting 5.5.
Also worthy of note, United States Core Durable Goods Orders projected to come out at 0.1% — worse than previous data of 0.4%; data will be released tomorrow at 12:30 UTC. United States Pending Home Sales projected to decline to 0.3% while previous data was 0.9%; data will be released Thursday. United States Initial Jobless Claims expected to decline to 217,000 while its preceding data was 201,000, data will be available Thursday.