Forex | Forex | The market will be looking forward to the API weekly stock numbers (28/07/2009 12:18:55)

The market will be looking forward to the API weekly stock numbers

Commodity news The bull market continues in the commodity market with Brent 1.pos. trading at USD71.15/bbl and WTI 1.pos. trading at USD68.7/bbl. Hence, the spread between the two continues to trade above USD2.5/bbl, reflecting weak US refinery demand. LME base metals are also higher this morning, boosted by further growth optimism. Yesterday, US new home sales rose 11% m/m in June. It was the biggest gain in eight years. It gave another boost to demand expectations for metal use going


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