West Texas Intermediate crude fell for the first time in three days as orders for U.S. durable goods dropped more than forecast in July.
Prices slipped as much as 0.5 percent as bookings for goods meant to last at least three years decreased 7.3 percent, the most since August 2012, the Commerce Department said. The median forecast of economists surveyed by Bloomberg called for a 4 percent drop. Prices gained earlier on speculation that tension in Syria will affect Middle East supplies.
via Bloomberg
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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