The speculations around the European Central Bank meeting tomorrow rises: the ECB will need to deicide tomorrow to raise or not its Interest rate which is currently at 1%. The rate remained at this level since June 2009.
These speculations might have affected the Euro/USD, according to Bloomberg.
The Euro area inflation reached 2.6% in annual terms in March 2011, almost double the inflation rate a year ago.
Current crude oil prices
The commodities market showing moderate change in major oil prices:
The Nymex crude oil price, short term futures (May 2011 delivery) is traded at 108.18 USD / barrel, a 0.16 USD/b decrease or 0.15%, as of 12.34*.
The Dated Brent spot crude oil is at 122.43 USD / barrel – a 1.07 USD/ barrel increase as of 12.44*.
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