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Crude oil prices continued to rise near the highest level in two weeks
10.30.2015 at
Crude oil prices rose for the third consecutive day of trading near the highest level in two weeks in light of the continued correction after the sharp decline suffered by the beginning of the week.
Trading in crude oil prices currently at $ 45.90 a barrel after the session opened today at $ barrel dollars a barrel 45.94 This comes after prices have seen a large fluctuation yesterday as recorded the highest level at $ 46.79 a barrel and the lowest level at $ 45.16 a barrel before closing the trading day at $ 46.06 a barrel.
The current rise in the levels of crude oil prices comes at a correction after a significant drop in oil prices during the last period, where crude oil prices shrugged off dollar movements violent this week against major currencies to continue to rise.
The main support for the rise in crude oil prices came after a rise in US crude oil inventories last week valued at 3.4 million barrels less than expected, which was referring to the 3.7 million barrels from the previous reading was at 8 million barrels.
Shrinking rising US inventories increased strength of higher crude oil prices this week, and today is trying prices to continue to rise to find the support of the dollar declining levels under the pretext of the patch.
This has been the dollar index, which tracks the dollar's performance against a basket of major currencies weak during the Asian session on Friday, trading around the level of 97.18 after trading was the highest level record at 97.25 and the lowest at 97.06. Finished / 29 / D 24
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10.30.2015 at
Crude oil prices rose for the third consecutive day of trading near the highest level in two weeks in light of the continued correction after the sharp decline suffered by the beginning of the week.
Trading in crude oil prices currently at $ 45.90 a barrel after the session opened today at $ barrel dollars a barrel 45.94 This comes after prices have seen a large fluctuation yesterday as recorded the highest level at $ 46.79 a barrel and the lowest level at $ 45.16 a barrel before closing the trading day at $ 46.06 a barrel.
The current rise in the levels of crude oil prices comes at a correction after a significant drop in oil prices during the last period, where crude oil prices shrugged off dollar movements violent this week against major currencies to continue to rise.
The main support for the rise in crude oil prices came after a rise in US crude oil inventories last week valued at 3.4 million barrels less than expected, which was referring to the 3.7 million barrels from the previous reading was at 8 million barrels.
Shrinking rising US inventories increased strength of higher crude oil prices this week, and today is trying prices to continue to rise to find the support of the dollar declining levels under the pretext of the patch.
This has been the dollar index, which tracks the dollar's performance against a basket of major currencies weak during the Asian session on Friday, trading around the level of 97.18 after trading was the highest level record at 97.25 and the lowest at 97.06. Finished / 29 / D 24
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