Oil is trading lower

Market news

25 November 2016

Oil is trading lower

This morning the New York futures for Brent dropped in price by 1.06% to $ 48.48 and WTI fell 1.06% to $ 47.45 per barrel. Thus, the black gold is trading in the red zone on expectations about the final OPEC agreement that shall be taken at the official meeting of OPEC on November 30 in Vienna. Yesterday's trading was influenced by the US holiday and very low volumes.

Major stock exchanges trading in the green zone: FTSE 100 6,840.99 11.79 + 0.17%, DAX 10,699.15 9.89 + 0.09%, CAC 40 4,551.17 8.61 + 0.19%

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