TeleTrade - Analytics


    888.00 6.50/10
    63% of positive reviews

    24.11.2015 07:12 Oil prices climbed

    West Texas Intermediate futures for January delivery climbed to $42.04 ( 0.69%), while Brent crude climbed to $45.05 ( 0.49%) after Saudi Arabia said on Monday it was ready to cooperate with OPEC and non-OPEC producers to stabilize prices. The news came days before the organization is set to hold a meeting in Vienna on December 4. However gains were limited by a stronger greenback, which makes the dollar-denominated commodity more expensive for buyers using other currencies. Some analysts also doubt that there will be a significant change in OPEC's policy.

    Meanwhile investors are preparing to see a modest increase in U.S. crude stockpiles when the U.S. Energy Information Administration releases its report on Wednesday.

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree