FX & CFD trading involves significant risk
The price of oil rose, breaking the
mark of $ 104 per barrel, after the better-than-expected growth in
the number of jobs in the United States, which has raised the
prospects of growth in demand. It is learned that in the past
month, the level of employment payrolls, excluding s / z sector
increased by 165 thousand compared to the value of the March 88 th
and the forecast of 145 thousand Moreover, another report showed
that last month the ISM non-manufacturing United States declined
from 54.5 to 53.1, disappointing investors who had counted on
record in the area 54.0. In March promzakazy in the U.S. fell by
4.0% vs. -2.6%. February's figure was revised up from -3.0% to
Also worth noting is that the rising cost of oil continues to support the decision of the European Central Bank to lower interest rates to record lows to stimulate investor appetite for riskier assets. Analysts said the positive outlook for employment in the United States may be more optimistic for the dollar than for oil.
But despite the positive data on the number of jobs, weak activity in the manufacturing sector in the United States and China are still undermines prospects for oil demand from the top two oil consumers.
The cost of the June futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to 95.64 dollars per barrel.
June futures price for North Sea Brent crude oil mixture rose $ 1.75 to $ 104.50 a barrel on the London exchange ICE Futures Europe.
|remaining time till the new event being published|
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.