Crude oil prices were higher Thursday morning despite word that OPEC did not discuss output cuts with non-OPEC nations at a meeting yesterday.
Meanwhile, the European Central Bank, as expected, left interest rates unchanged.
All eyes will be on ECB head Mario Draghi’s upcoming news conference for any indication of whether additional stimulus is in the cards.
U.S. crude oil for December was up 65 cents at 45.85 a barrel on the Comex.
The Labor Department will release its weekly jobless claims data for the week ended October 17th at 8:30 am ET. Economists expect jobless claims to rise to 265,000 from 255,000 in the previous week.
The material has been provided by InstaForex Company – www.instaforex.com