- Analytics
- News and Tools
- Market News
- Crude oil climbed to the highest level in two weeks
Crude oil climbed to the highest level in two weeks
Crude oil climbed to the highest level in two weeks as the leaders of Germany and France pledged to stem the European sovereign-debt crisis. Futures rose as much as 2.3 percent after German Chancellor Angela Merkel and French President Nicholas Sarkozy said yesterday they will deliver a plan to recapitalize the region’s banks and address the Greek crisis by Nov. 3. The euro advanced after Merkel said yesterday in Berlin that European leaders will do “everything necessary” to ensure that banks have adequate capital. The euro gained 1.8 percent to $1.3623. A stronger European currency increases the appeal of raw materials as an alternative investment.
Crude oil for November delivery rose $86.09 a barrel on the New York Mercantile Exchange, the highest level since Sept. 22. Prices climbed 4.8 percent last week, the biggest gain since March. Oil is down 7.2 percent this year.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
