Oil prices fell on Wednesday after industry data showed that US crude inventories unexpectedly rose last week, indicating a potential hiccup in demand, though supply concerns kept losses in check.
At 0323 GMT, Brent crude futures were down 23 cents, or 0.2%, to $96.08 per barrel. The price of WTI crude futures fell 28 cents, or 0.3%, to $90.22 per barrel.
Brent: 95.53 — strong sell.
WTI: 89.62 — strong sell.
NG: 7.823 — neutral.
Foreign exchange market
The safe-haven dollar rose on Tuesday, erasing earlier losses as risk appetite waned ahead of key inflation figures that could provide clues on how aggressive the Federal Reserve will be in raising interest rates in September.
The dollar index, which measures the currency's value against a basket of peers, was up 0.047% at 106.38.
AUD/CHF: 7.824 — buy.
EUR/USD: 1.0208 — neutral.
USD/JPY: 134.99 — neutral.
USD/CAD: 1.2879 — neutral.
GBP/USD: 1.2088 — sell.
Gold prices remained stable on Wednesday as safe-haven demand increased ahead of key US inflation data. In contrast, copper prices fell after weak Chinese factory inflation pointed to lagging demand for the industrial metal.
Spot gold prices were around $1,793.99 per ounce at 2246 ET (0246 GMT), while gold futures were down 0.1% to $1,809.95. On Tuesday, gold prices rose due to a volatile session on Wall Street.
XAU/USD: 1791.08 — buy.
XAG/USD: 20.423 — strong sell.
XPT/USD: 933.75 — neutral.
XPD/USD: 2202.10 — strong sell.
Bitcoin price began another decline below the $23,500 support zone, falling below the $23,000 mark. It is currently trading near $22,900 (04:03 UTC), down more than 4% daily and nearly 1% weekly. Similarly, most major altcoins are losing ground. ETH is down 6% and trading under $1,700.
BTC: $22,960.8 — sell.
ETH: $1,680.81 — strong sell.
Neo: $10.8900 — strong sell.
Zcash: $74.00 — strong sell.
Elon Musk, CEO of Tesla Inc, sold $6.9 billion in shares in the electric vehicle maker, saying the money could be used to fund a potential Twitter deal if he loses a legal battle with the social media platform.