US Crude is steady on Thursday, as February futures are trading just above $31 a barrel in the North American session. On the release front, US Unemployment Claims rose to 281 thousand, above the estimate of 275 thousand. On Friday, there are a host of key US releases, led by Retail Sales and PPI.
With the Federal Reserve rate hike now behind us, there is intense market speculation as to when the Fed might strike again. A rate hike in late January is not seen as likely, coming so soon after the December move. Many…
Crude Oil Stabilizes at $31, US Jobless Claims Rise
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