- Analytics
- News and Tools
- Market News
- Oil prices climbed
Oil prices climbed
West Texas Intermediate futures for January delivery climbed to $37.45 (+0.78%), while Brent crude rose to $40.55 (+1.10%) on expectations of slightly better demand after the Energy Information Administration reported that U.S. crude inventories fell 3.6 million barrels in the week ending December 4.
Nevertheless market participants expect the current supply glut to continue in 2016 keeping prices under pressure and limiting gains. Investors are also waiting for the Federal Reserve's meeting scheduled for the next week. The central bank of the U.S. is likely to raise its interest rates for the first time in nearly a decade. This would boost the greenback making the dollar-denominated crude more expensive for customers using other currencies.
© 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
