August 2010 European Penny Stock Market

Currency, Commodity Markets

Currency, Commodity Markets

Crude oil futures are falling $0.53 to $81.94 a barrel after edging down $0.08 to $82.47 a barrel on Wednesday. The modest retreat in the previous session came amid the release of the EIA's inventory report, which showed that crude oil inventories fell by 2.8 million barrels to 358 million barrels in the week ended July 30th. Inventories of crude oil remained above the upper limit of the average range.

At the same time, gasoline inventories edged up by 0.7 million barrels and were above the upper limit of the average range. Distillate stockpiles rose by 2.2 million barrels, remaining above the upper boundary of the average range. Refinery capacity utilization averaged 91.2% over the four-weeks ended July 30th compared to 90.6% in the previous week.

Gold futures are edging up $2.60 to $1,198.50 an ounce. In the previous session, the precious metal rose $8.40 to $1,195.90 an ounce.

Among currencies, the U.S. dollar is trading at 86.18 yen compared to the 86.2705 yen it fetched at the close of New York trading on Wednesday. Against the euro, the dollar is valued at $1.3184 compared to yesterday's $1.3162.

August 2010 European Penny Stock Market

By: Walid

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