Stagnant Brent crude oil mostly flat, trades at $76.54

It's been more of the same this session on the back of 5 days of flat trade, Today's session so far looks to be heading in a similar way — Brent crude trades at $76.54 per barrel, after ending yesterday at $76.96.

United States Initial Jobless Claims is next.

This uncertain state for Brent crude is reflected by published market data as highly important Crude Oil Inventories data from United States beat analyst expectations of -920,000 with a reading of 5 million. United States Building Permits (Apr) released yesterday at 12:30 UTC with a figure of 1.42 million, while the previous figure was 1.44 million. United States 20-Year Bond Auction released yesterday at 17:00 UTC with a figure of 3.954, while the previous figure was 3.92.

Meanwhile, mixed performances are seen in other Energy as Natural Gas trades around $2.37, with no major change.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Philadelphia Fed Manufacturing Index (May) is scheduled for today at 12:30 UTC. United States Initial Jobless Claims is projected to outperform its last figure with 254,000. It previously stood at 264,000; data will be released today at 12:30 UTC. United States Existing Home Sales (Apr) will be released today at 14:00 UTC.

Brent crude oil has recovered 6.9% since descending to a significant low of $72 around 15 days ago.