• Oil is trading higher

Market news

22 June 2016

Oil is trading higher

This morning, New York crude oil futures WTI rose by + 0.90% to $ 50.31 per barrel. At the same time, crude oil futures for Brent rose by 0.71% to $ 51.00 per barrel. Thus, the black gold is gaining, amid the the reduction of commercial stocks in the US. Investors also expect a recovery of production in Nigeria and Canada. There is a high probability of decline in oil inventories in the US market, although the reserves are at record highs, and drilling volumes began to grow again.

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.