country flagالعربية

Brent rises above 50 dollar as US stocks fall

2017-08-17 09:10 am | Resource: News Section | No Views : 467

Brent rises above 50 dollar as US stocks fall

Oil prices managed to offset the losses of the previous session on Thursday after Brent crude futures rose 0.3% from the previous close to $ 50.44 a barrel.
US crude futures in the WTI rose 6 cents, or 0.1 percent, to $ 46.84 a barrel. The slight gain comes after a drop of more than 1% in the previous session.
The market is moving within the range of a guest supported by the decline in crude oil inventories while suffering from increased production, and the United States stocks of crude oil fell about 13% from peak levels in March to 466.5 million barrels.
"If inventories continue to decline at this pace, they will fall below the five-year average in about two months," said analyst William Olulin.

Other analysis

Best Opportunities, Vision and Technical Analysis for The Oil 17 April 2019

(CURDE OIL - WTI ) We offer you oil analysis denominated by US dollar on Wednesday, April 17, 2019, with the most important forecast for the price of oil denominated by US dollars in the market. Time frame Used - four hours Oil is moving in a sideway direction in the near term. The purchasing power managed to push oil higher to close at the end of trading today, rising…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.