TeleTrade - Analytics

TeleTrade

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06.11.2015 06:33 Oil prices rebounded slightly

West Texas Intermediate futures for December delivery climbed to $45.53 ( 0.73%), while Brent crude rebounded to $48.31 ( 0.69%) after falling on Thursday amid growing U.S. crude inventories. However oversupply keeps weighing on prices as well as a strong dollar, which makes this dollar-denominated commodity more expensive for users of other currencies. The dollar rose nearly 5% throughout October on expectations of an imminent interest rate hike.



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