FX & CFD trading involves significant risk
This morning, New York crude oil futures WTI rose 0.51% to $ 47.69 per barrel and crude oil futures for Brent rose 0.43% to $ 49.02 per barrel. Thus, the black gold is rising, amid the release of data that show a decrease in US oil inventories and dollar weakness. According to the American Petroleum Institute, oil reserves fell 6.7 million barrels to 520.9 million over the week. Analysts said the US data on the reduction of oil reserves was the main cause of rising 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.