- Analytics
- News and Tools
- Market News
- Oil prices retreated from three-month high
Oil prices retreated from three-month high
Crude oil futures fell from a three-month high due to the fact that European leaders discussed ways to address the debt crisis in the region.
Value declined after Germany's Bundesbank Board expressed dissatisfaction about the plan of the European Central Bank started to potentially "unlimited" purchases of government bonds. In connection with this situation, European leaders are planning this week to visit with the diplomatic visit troubled countries that help them solve the debt crisis.
Also today it was announced that in June, oil production in Saudi Arabia increased by 3% to 10.1 million barrels per day, beating with Russia, which produces 9.9 million barrels per day.
During the day, the price of oil had little attention to U.S. data, which showed that the index of economic activity from the Federal Reserve Bank of Chicago in July improved to -0.13 from -0.34.
September futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) on the NYMEX is now $ 95.71 per barrel.
September futures price of North Sea Brent crude oil mix is now $ 114.12 a barrel on the ICE Futures Europe Exchange.
© 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
