FX & CFD trading involves significant risk
Intermediate crude rose on speculation that central banks will bolster stimulus
after more Americans than projected filed applications for unemployment
climbed as much as 1.2 percent as Labor Department figures showed that jobless
claims exceeded all forecasts in a Bloomberg survey of economists. The
WTI oil for June delivery rose $1.12, or 1.2 percent, to $95.42 a barrel at 11:15 a.m. on the New York Mercantile Exchange. Prices dropped as much as $1.07 before the release of the U.S. figures at 8:30 a.m. in Washington. The volume of all contracts traded was 54 percent above the 100-day average for the time of day.
Brent crude for June settlement, which expires today, advanced 37 cents, or 0.4 percent, to $104.05 a barrel on the London-based ICE Futures Europe exchange. The more actively traded July futures increased 65 cents, or 0.6 percent, to $104.15 a barrel. Volume for all contracts was 25 percent greater than the 100-day average.
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