Mixed sentiment sees ICE Brent crude ending the day broadly flat; establishes tight $86.13 to $86.43 range

Published: January 26 2023, 02:30 GMT+0

Mixed sentiment sees ICE Brent crude ending the day broadly flat; establishes tight $86.13 to $86.43 range

Without a clear-cut direction, Brent Crude Oil is trading around $86.2 per barrel and ranging between $86.13 and $86.43.

This uncertain state for ICE Brent crude is reflected by published market data as following a previous reading of 8.41 million, Crude Oil Inventories in United States released yesterday at 15:30 UTC fell short of the 971,000 figure expected by analysts with an actual reading of 533,000. United States 5-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.53, while the previous figure was 3.973. United States Cushing Crude Oil Inventories released yesterday at 15:30 UTC with a figure of 4.27 million, while the previous figure was 3.65 million.

Meanwhile, mixed performances are seen in other Energy as after ending yesterday's session at $3.07, Natural Gas lost 14.2 cents and is trading around $2.92. Crude Oil moves 0.4% to trade around $80.47.

Moreover, United States Core Durable Goods Orders expected to decline to -0.2% while its preceding data was 0.1%, data will be available today at 13:30 UTC. United States Pending Home Sales is projected to outperform its last figure with -0.9%. It previously stood at -4%; data will be released tomorrow at 15:00 UTC. United States Core PCE Price Index (MoM) (Dec) scheduled to come out tomorrow at 13:30 UTC.

Brent crude hit a significant low of $76.1 around a month ago, but has since recovered 13.17%.

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