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Oil Stabilizes Waiting for US Stocks

2017-08-16 09:20 am | Resource: news | No Views : 292



Crude oil futures held steady in today's Asian trading session, affected by early losses ahead of US inventory data due today, which measures the change in the total number of barrels of crude oil stocks of commercial companies during the past week, which is expected to rise, due to increase As well as an increase in the number of diggers that have entered the last two weeks of work.
  
Brent crude was up 0.77% at 51.19, and crude oil rose 0.61% to 47.86. The dollar's rise helped oil prices rise during the week. Earlier this month, The highest level in 11 weeks above $ 50.
  
It is worth mentioning that, although it is an American indicator, it affects the Canadian dollar due to the importance of the oil sector in Canada.


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