FX & CFD trading involves significant risk
West Texas Intermediate crude fluctuated as fewer Americans than forecast filed applications for unemployment benefits and the World Bank cut its global growth forecast.
moved in an 92-cent range as
WTI for July delivery dropped 9 cents to $95.79 a barrel at 10:28 a.m. on the New York Mercantile Exchange. The volume of all futures traded was 9.4 percent below the 100-day average.
Brent for July settlement, which expires today, climbed 31 cents, or 0.3 percent, to $103.80 a barrel on the London-based ICE Futures Europe exchange. The more actively traded August futures increased 34 cents, or 0.3 percent, to $103.90. Volume was 24 percent below the 100-day average for the time of day.
Brent’s premium to WTI strengthened to as wide as $8.15 a barrel from yesterday’s settlement of $7.61.
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