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Analytics, News, and Forecasts for CFD Markets: raw news — 17-12-2018.
Brent crude, the global oil benchmark, was trading up 0.9% at $60.81 a barrel on London's Intercontinental Exchange.
West Texas Intermediate futures, the U.S. oil standard, were up 0.8% at $51.62 a barrel on the New York Mercantile Exchange.
A softer U.S. dollar helped bolster oil prices at the start of the week, after a stronger greenback had provided a headwind for crude prices at the end of last week, according to analysts. Dollar-denominated commodities like oil tend to have an inverse relationship with the U.S. currency. The dollar was down 0.14% in midmorning trade, according to the WSJ Dollar Index, which measures the U.S. currency against a basket of 16 of its peers.
| Raw materials | Closed | Change, % |
|---|---|---|
| Brent | 60.17 | -2.38 |
| WTI | 51.3 | -3.19 |
| Silver | 14.55 | -1.15 |
| Gold | 1238.237 | -0.3 |
| Palladium | 1239.28 | -1.56 |
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