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| Analysis | Crude oil rose for the third day on signs global growth will rebound and amid efforts from European leaders are exerting effort to contain the debt crisis. Oil for November delivery is currently trading around $80.40 a barrel after recording a high of $81.11 and a low of $79.08. Recent data from the world's largest crude consumer is showing improvement. Data released this week showed that U.S. companies added 91,000 jobs in September compared with both revised and expectations of 89,000 and 75,000, where expectations are showing that the awaited non-farm payrolls due tomorrow will witness an improvement in September. Yesterday, the EIA report showed that U.S commercial crude oil inventories decreased by 4.7 million barrels from the previous week. Total motor gasoline inventories decreased by 1.1 million barrels last week and are above the upper limit of the average range. By extension, finished gasoline inventories increased and blending components inventories decreased last week. Distillate fuel inventories decreased by 0.7 million barrels last week and are in the upper limit of the average range for this time of year. Today, the BoE unexpectedly added 75 billion pounds to the APF while the ECB said will provide banks with additional longer-term liquidity while begins its covered bond purchases, providing hopes global economy will pick up after incentives. In the FOREX market, the dollar pared its earlier advanced against a basket of major currencies as some optimism in markets eroded demand on the dollar as a refuge. The dollar index is currently moving around 78.75 after rebounding from a low of 78.64 while the day's high was recorded at 79.49.
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