Oil prices went up on Wednesday`s trading session

Oil prices went up on Wednesday`s trading session

By: Simon Furman | Where To Trade | On:Wednesday, 04 January 2017
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   Oil prices went up on Wednesday's trading session, as U.S. inventory data was long awaited by the traders. 
Brent crude oil rose up in tradings on Wednesday by 0.22%, reaching 55.59 dollars per barrel. 

  U.S. crude was up by 0.21%, reaching 52.44 dollars per barrel.
  Tuesday, the price of oil went down while the American dollar sharpened, even though earlier in the day their prices went at their highers level in a year and a half. 

  2017's economic path  is influenced by the rising prices of oil and by the oil cutbacks that were set by oil producers of the world.

  The cutbacks were also the ones that influenced the investors on Wednesday, as traders are hoping that the companies that produce oil will keep their word and the global supply will be endorsed. 

 

Simon Furman

Simon Furman

Think Global - Act Local

Simon Furman is one of the best financial analyst with 27 years of trading experience

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