• Oil takes advantage of Usd selling

Market news

20 June 2016

Oil takes advantage of Usd selling

This morning, New York crude oil futures WTI rose by 1.61% to $ 49.34 per barrel. Crude oil futures for Brent rose by 1.73% to $ 50.02 per barrel. Thus, the black gold is gaining so far backed by the weakening of the dollar and reduce fears of a possible withdrawal of Britain from the European Union. Oil is rising, despite an increase in the number of drilling rigs in the United States the third consecutive week with production growth. The number of drilling rigs increased by 9 units for the week ended June 17 according to Baker Hughes.

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
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.