Crude oil declined from a three-month high in New York before the release of economic data forecast to show that the recovery is losing steam in the U.S., the world’s second-largest energy consumer.
Oil fell for the first time in five days as equity markets retreated on speculation U.S. service industries grew at the slowest pace in five months in July. Gasoline inventories increased 2.3 million barrels last week, the American Petroleum Institute said yesterday. A government report later today may show motor fuel and crude supplies fell.
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Dean Popplewell
He has a deep understanding of market fundamentals and the impact of global events on capital markets.
He is respected among professional traders for his skilled analysis and career history as global head
of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean
has played an instrumental role in driving awareness of the forex market as an emerging asset class
for retail investors, as well as providing expert counsel to a number of internal teams on how to best
serve clients and industry stakeholders.
Latest posts by Dean Popplewell (see all)
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