U.S. WTI crude futur...from Trading Central

U.S. WTI crude futures slumped 2.9% to $61.66 a barrel on last Friday due to the rise of U.S. dollar. Baker Hughes reported that the total number of rotary rigs in the U.S. rose to 402 as of February 26, from 397 in the prior week , while rigs in Canada dropped to 163 from 172.

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This Tuesday morning, Australia's data showed that retail sales grew 0.2% on month in February (vs +0.5% expected). Tomorrow, February CPI indicator will be expected at 7.6% on month. AUD is under pressure.

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On Thursday, the Bank of England raised its benchmark rate by 25 basis points to 4.25%, as expected. The central bank said it expects inflation to cool faster than before. USD remains under pressure.

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On Tuesday, the U.S. Conference Board consumer confidence index climbed to 104.2 in March (vs 101.0 expected). Meanwhile, Wholesale inventories rose 0.2% on month in February (vs -0.2% expected). USD remains bearish.

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