Oil climbs to the highest since April ...Middle East

forex live - News
Oil climbs to the highest since April
One thing I didn't highlight in my post on bonds is that some input prices are rising, particularly oil.Now cracks have faltered so gasoline hasn't moved up much but with oil prices up here, they eventually will. Especially with WTI crude oil up $1.30 to $82.83, the highest since April 30.The reasons for the strength are tough to pin down. The inventory numbers coming out of the US haven't been good and the growth numbers coming from everywhere have been soft. There was a huge built-up short position at the start of June and I think the early-June rally was a squeeze on that but could we still be squeezing?There is some talk of an Israel-Lebannon war and I'm keeping that in mind as a catalys

Hence then, the article about oil climbs to the highest since april was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Oil climbs to the highest since April )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News


Latest News