Coffee Futures Falls By 2% In The Last 5 Sessions

(VIANEWS) – Coffee (KC) has been up by 2.43% for the last 5 sessions. At 04:51 EST on Friday, 16 February, Coffee (KC) is $186.50.

Today’s last reported volume for Coffee is 945, 95.38% below its average volume of 20485.44.

Coffee’s last week, last month’s, and last quarter’s current intraday variation average was 0.14%, 0.23%, and 2.95%, respectively.

Coffee’s highest amplitude of average volatility was 2.18% (last week), 1.89% (last month), and 2.95% (last quarter), respectively.

Crude oil tests multi-week high before receding on supply buildup, WTI back below $77.00. According to FXStreet on Wednesday, 14 February, "Despite testing into its highest bids in nearly three weeks, WTI saw a sharp pullback on Wednesday, setting US Crude Oil up for its first down day after seven consecutive closes in the green. ", "WTI slipped back below $77.00 per barrel after Energy Information Administration (EIA) barrel counts showed millions of barrels of excess Crude Oil supply piping through US markets that investors hadn’t anticipated, chewing away at an overarching energy market narrative about global supply constraints that continue to fail to materialize."
WTI plunges to near $75.0 following a larger increase in US crude oil stockpiles. According to FXStreet on Thursday, 15 February, "West Texas Intermediate (WTI) Crude oil price declined following a larger-than-anticipated increase in US Crude Oil Stockpiles, which raised concerns about the demand outlook in the United States (US), the world’s largest consumer of Crude oil products. ", "US Energy Information Administration showed that Crude Oil Stocks Change rose by 12.018 million barrels to 439.5 million barrels for the week ending on February 9. "

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