FX & CFD trading involves significant risk
Intermediate crude rose for the first time in five days as
rebounded from a six-month low. The Standard & Poor’s 500 Index increased
to a record as Macy’s Inc. and J.C. Penney Co. climbed amid Black Friday sales
events. Oil also moved higher on concern that unrest in
WTI for January delivery gained $1.31, or 1.4 percent, to $93.61 a barrel at 10:28 a.m. on the New York Mercantile Exchange. The volume of all futures traded was 45 percent below the 100-day average. Prices, down 2.9 percent in November, are set for the longest monthly slide since January 2009. Floor trading was suspended yesterday for the Thanksgiving holiday and will close an hour early at 1:30 p.m. today.
Brent for January settlement increased 36 cents, or 0.3 percent, to $111.22 a barrel on the London-based ICE Futures Europe exchange and is up 2.2 percent this month. The volume of all futures traded was 40 percent less than the 100-day average. The European benchmark grade was at a premium of $17.61 to WTI. The spread was $19.01 on Nov. 27, the widest in more than eight months, based on closing prices.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.