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U.S.
West Texas Intermediate (WTI) crude futuresCLC1were trading at $41.15 per
barrel at 0139 GMT, up 32 cents, or 0.8 percent, after rising 3.3 percent and
back over $40 the previous session.
The jumps on Wednesday and Thursday
marked at least a temporary end to a sharp downward trend since June, which saw
crude futures lose some 20 percent of their value.
"Oil prices rallied after the EIA weekly report
showed gasoline inventories declined the most at this time of the year for at
least five years," ANZ bank said
U.S.
West Texas Intermediate (WTI) crude futuresCLC1were trading at $41.15 per
barrel at 0139 GMT, up 32 cents, or 0.8 percent, after rising 3.3 percent and
back over $40 the previous session.
The jumps on Wednesday and Thursday
marked at least a temporary end to a sharp downward trend since June, which saw
crude futures lose some 20 percent of their value.
"Oil prices rallied after the EIA weekly report
showed gasoline inventories declined the most at this time of the year for at
least five years," ANZ bank said
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Monday,
August 1
·China is to publish its official manufacturing and non-manufacturing
PMIs and the Caixin manufacturing index.
·The U.K. is to release data on manufacturing activity.
·Later in the day, the U.S. Institute of Supply Management is to release
data on manufacturing activity.
Tuesday,
August 2
The Reserve Bank of Australia will publish its interest rate decision.
The U.K. is to release data on construction activity.
The U.S. is to report on personal income and spending.
Wednesday,
August 3
China is to publish the Caixin service sector index.
The U.K. is to release data on service sector activity.
The U.S. is to release the monthly ADP nonfarm payrolls report, while
the ISM will publish its non-manufacturing index.
Thursday,
August 4
·The Bank of England is to announce its monetary policy decision and
publish the minutes of its policy meeting.
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