• Oil prices rebounded slightly

Market news

6 November 2015

Oil prices rebounded slightly

West Texas Intermediate futures for December delivery climbed to $45.53 (+0.73%), while Brent crude rebounded to $48.31 (+0.69%) after falling on Thursday amid growing U.S. crude inventories. However oversupply keeps weighing on prices as well as a strong dollar, which makes this dollar-denominated commodity more expensive for users of other currencies. The dollar rose nearly 5% throughout October on expectations of an imminent interest rate hike.

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