- Analytics
- News and Tools
- Market News
- Oil rose
Oil rose
Crude gained on speculation the Federal Reserve will loosen monetary policy to spur growth and members of OPEC will leave their production ceiling unchanged.
Oil advanced as much as 1 percent as a worse-than-expected jobless claims report fueled expectations that Fed policy makers will announce new stimulus measures after a meeting next week. OPEC oil ministers in Vienna are deciding whether to keep a 30 million-barrel-a-day limit.
Oil for July delivery gained to $83.45 a barrel on the New York Mercantile Exchange. The futures fell to $82.62 yesterday, the lowest settlement since Oct. 6. Prices have decreased 16 percent this year.
Brent oil for July settlement, which expires today, rose 1 cent to $97.14 a barrel on the London-based ICE Futures Europe exchange. The more active August contract increased 14 cents to $96.86 a barrel.
© 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
