FX & CFD trading involves significant risk
Intermediate headed for the third weekly gain in four on speculation that
economic recovery in the
rose for a fifth day as
Reuters final index of
sales adjusted for inflation and seasonal swings climbed 0.8 percent in May
from April, according to the Federal Statistics Office in
WTI for August delivery advanced 39 cents, or 0.4 percent, to $97.44 a barrel at 11:03 a.m. on the New York Mercantile Exchange after rising to $97.82, the highest intraday price since June 20. The volume of all futures traded was 4.2 percent lower than the 100-day average for the time of day. Futures are up 4 percent this week and little changed in the second quarter.
Brent for August settlement rose 30 cents, or 0.3 percent, to $103.12 a barrel on the London-based ICE Futures Europe exchange. Volume was 23 percent below the 100-day average. The European benchmark crude’s premium to WTI shrank to as little as $5.50, the least since January 2011.
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