Petrol in a rise

Futures of light crude rose about 2% in trading today, extending substantially upward movement from the previous session. The growth in prices was supported by the report of the Organization of Petroleum Exporting Countries (OPEC), which announced that it expected an increase in crude demand this year, but provides a glut in the market to fall. Investors are also under the influence of the data of the American Petroleum Institute (API) for stocks in the United States last week, which showed a surprise drop. Official data on stocks of Energy Information Administration (EIA) is scheduled for 17:30. Today.

Bookmark the permalink.

Comments are closed