TeleTrade - Analytics

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    06.07.2016 09:00 Oil is trading slightly lower

    06.07.2016 09:00

    This morning, New York crude oil futures for WTI fell -0.04% to $ 46.58 per barrel. At the same time, Brent oil futures were down -0.10% to $ 47.98 per barrel. Thus, the black gold is trading slightly down, amid fears that Brexit can lead to lower oil demand, an extended period of weak global economic growth and maintain a negative trend in the market. Also, to strengthening US dollar is putting pressure on the cost of black gold as oil prices are linked to the most used currency.

     

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