The American Petroleum Institute (API) released today its preliminary data on oil inventories, which fell by 7.2 million barrels during last week, beating forecasts of a drop by 3.6 million barrels.

The data also showed that the gasoline inventories fell by 4.5 million barrels, while distillate inventories fell by 618 thousand barrels last week.

While the official data will be released tomorrow by the US Energy Information Administration (EIA), which impact oil prices movements.

Most US stocks stabilized today and erased their earlier losses, which led Dow Jones to close higher for the fifth straight day.

Amid uncertainty in the markets after Trump had fired national security adviser John Bolton due to deep fundamental disagreements between them, and added that he will nominate a new figure for the post by next week.

The markets are also anticipating the ECB interest rate decision this Thursday with forecasts of rate cut to negative interest to support the European economy.

In the oil market, WTI rose fell by 0.8% to close at $57.40 a barrel, with a high of $58.7 and a low of $57.3 .

Brent fell by 0.3% to $62.38 a barrel, with a high of $63.7 and a low of $62.3.

Dow jones rose by 0.3% or 74 points to close at 26,909 points, with an intraday high of 26,909 and a low of 26,717.

Nasdaq slipped by 3 points to 8,084, a high of 8,086 and a low of 8,001.

S&P 500 shed only 1 point to 2,979, with a high of 2,979 and a low of 2,957.

British pound stabilized against US dollar today, after BoE President Mark Carney's comments and strong data.

Carney said the UK banking and financial system is prepared for the impacts of a no-deal Brexit.

Carney added that the central banks around the world have enough tools to face any possible slowdown or recession.

He also stated that the inversion of the UK and the US yield curve is not a reliable sign alone to indicate a near recession.

Otherwise, the British services index rose by 4% last month, while the jobless claims held at 28.2K better than forecasts of 29.3K, and the unemployment rate fell to 3.8% lower than forecasts of 3.9%.

By 19:58 GMT, GBP/USD stabilized at 1.2348, with a high of 1.2375 and a low of 1.2306.

Silver rose today unlike gold, as silver was successful in attracting haven demand after concerns emerged in the markets due to Trump's decision to dismiss the US national security adviser.

Trump said that he had fired national security adviser John Bolton due to deep fundamental disagreements between him and Bolton, and he will nominate a new figure for the post by next week.

Otherwise, by 20:00 GMT, dollar index rose by 0.1% to 98.3 points, with an intraday high of 98.4 and a low of 98.2.

The markets are also anticipating the ECB and the US Fed meeting this week and the next, in addition to the US-China trade talks.

Silver futures (December delivery) rose by 0.1% or 1.9 cents to $18.186 an ounce, with a high of $18.265 and a low of $17.855.