New Zealand RBNZ Interest Rate Decision in line with expectations (2.5%)

Crude oil prices turned lower in the American afternoon, after holding for most of the day around the daily opening. West Texas Intermediate crude oil futures jumped up to $38.97 a barrel following the release of the EIA weekly report, as inventories fell 3.6 million barrels last week, against expectations of a 500K gain. The rally however, was short lived, and the black gold plummeted to fresh daily lows of $36.85/bbl amid speculative selling interest and finally settled down 0.9% at $37.16.