- Analytics
- News and Tools
- Market News
- Oil prices traded higher on speculation on the higher oil demand as a tropical storm Bill headed towards the oil-producing state of Texas
Oil prices traded higher on speculation on the higher oil demand as a tropical storm Bill headed towards the oil-producing state of Texas
Oil prices traded higher on speculation on the higher oil demand as a tropical storm Bill headed towards the oil-producing state of Texas. More than 45% of U.S. oil refining capacity is located along the Gulf Coast.
Investors are awaiting the release of the U.S. oil inventories data. The American Petroleum Institute (API) is scheduled to release its U.S. oil inventories data today, and U.S. oil inventories data from the U.S. Energy Information Administration is expected on Wednesday.
The debt talks between Greece and its creditors remained in focus. Greek Finance Minister Yanis Varoufakis said that Athens will not provide a new reform proposal.
German newspaper Süddeutsche Zeitung reported that capital controls could be imposed this week. Athens denied this report.
Investors are also awaiting the release of the Fed's monetary policy meeting results. The results are scheduled to be released tomorrow. Analysts expect that the central bank will keep unchanged its monetary policy.
WTI crude oil for July delivery increased to $59.88 a barrel on the New York Mercantile Exchange.
Brent crude oil for July rose to $63.97 a barrel on ICE Futures Europe.
© 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
