This is The Mid Market Pulse. Lets get started with the mid market commentary for today and see how ASX 200 traded by lunchtime.
Crude oil jumps to six-week highs amid robust US economic recovery
oil prices surged to six-week highs on Thursday on robust US economic data and a better-than-expected recovery demand. Three months Brent crude oil futures traded 0.13 per cent up at 68.03 US dollars a barrel, whereas June delivery WTI crude oil futures traded at 64.79 US dollars a barrel, down 0.34 per cent on 30 April 2021 at 10:00 AM AEST. A weaker US dollar additionally supported the prices. The US dollar index had dipped to the nine-week lowest range, followed by a dovish outlook from the Fed.