Oil prices advanced following global stocks

Market news

23 October 2015

Oil prices advanced following global stocks

West Texas Intermediate futures for December delivery climbed to $45.58 (+0.44%), while Brent crude rose to $48.47 (+.81%) amid favorable economic data and gains in stock markets around the globe.

Market participants are waiting for the latest U.S. rig count data and preliminary PMI data for the euro zone and the U.S. to assess production and demand.

Germany: Manufacturing PMI, October 51.6 (forecast 51.6)

France: Services PMI, October 52.3 (forecast 51.6)

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.