Oil is trading higher

Market news

1 November 2016

Oil is trading higher

This morning, the New York futures for Brent rose 0.43% to $ 47.06 and WTI up 0.86% to $ 49.03 per barrel. Thus, the black gold is trading in the green zone on the background of an OPEC agreed on a long-term strategy for development of the cartel, which was perceived by the market as a movement in the direction of production cuts.

Major European stock indices trading in the green zone

Euro rose against the dollar reaching $ 1.1000 for the first time since October 20

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