Blacklist of scam sites

Forex Traiding

Oil futures hit 11-month high



DATE OF PUBLICATION: 2021-01-15 03:04 a.m. Crude oil prices rebounded from an early dip and closed trading Thursday with a marked gain amid hopes that significant stimulus from the Joe Biden administration and the coronavirus vaccination campaign will help lift energy demand. Recent data showing a reduction in US oil reserves and Saudi Arabia’s decision to cut oil production by 1 million barrels per day in February and March also boosted oil growth. In addition, the weak dollar supported oil prices, with West Texas Intermediate crude for February up $ 0.66, or about 1.3%, to $ 53.57 a barrel, the highest since mid-February 2020 – Brent crude oil futures recently increased $ 0.25 or 0.4% to $ 56.31 a barrel. Data released by the Energy Information Administration (EIA) on Wednesday showed crude oil inventories fell by 3.247 million barrels last week, while analysts expected 2.26 million. funding for state and local governments; and other emergency spending measures. CNN reported that Biden is pondering a sizable spending package of around $ 2 trillion. Source – InstaForex

Related posts
Forex Traiding

2021-03-08 08:03:52: The largest and oldest bank in Colombia starts working with cryptocurrencies.

Forex Traiding

Buying and Selling in the Stock Market on March 8th

Forex Traiding

Review of the GBP / USD pair. March 8. A new conflict broke out between the European Union and Great Britain over Northern Ireland.

Forex Traiding

Forecast and trading signals for EUR / USD for March 8. Detailed analysis of yesterday's recommendations and the movement of the pair during the day.

Subscribe to our newsletter and
Stay up to date

Leave a Reply

Your email address will not be published. Required fields are marked *