By CommoditiesMansion.com
Crude oil were little changed on Wednesday trading within $104 a barrel after the EIA report showed crude oil inventories increased by 2.9 million barrels above expectations, nevertheless, the ongoing rest in the Middle East and North Africa continued to support oil prices, and accordingly, crude oil prices traded within a limited range.
Thursday 12:30, Canada will release the Gross Domestic Product index for the month of January, where the Canadian economy expanded by 0.5% back in December, while expectations suggest that the Canadian economy will expand by 0.5 percent as well in January, while compared with a year earlier, the GDP expanded in December by 3.2 percent.
Thursday 12:30, The U.S. will release the continuing claims index for the week ending March 26, where expectations signal improving conditions in the labor market, where jobless claims are expected to drop to 380,000 from 382,000.
Thursday 13:45, the Chicago PMI is expected to show that manufacturing activities eased in March to 70.0 from 71.2 reported back in February, nevertheless, the U.S. manufacturing sector continues to expand and recover from its worst slump since the early 1980s.
Originally posted here
