Stock market quotes, forex, financial news, forex tools – money-investing.com

Brent crude oil will increase in price to $ 47.8 per barrel on Monday

 Breaking News

Brent crude oil will increase in price to $ 47.8 per barrel on Monday

Brent crude oil will increase in price to $ 47.8 per barrel on Monday
July 18
09:00 2016

“Black Gold” showed the growth on Friday against the background of the information about an attempt of the military coup in Turkey. On Monday it remains stable due to the fall of the US dollar. In addition, the reason for this stability is positive macroeconomic news from the United States on Friday.

On Friday oil showed the growth in price by 0.5-0.6%. The fact is that Turkey has an important strategic role in the raw materials supply from the Caspian region as well as from Russia and the Middle East. For this reason, a tottering political situation in the country could have a significant impact on the oil market proposal.

On Friday the vessels weren’t allowed to pass through the Bosporus for several hours. But currently the transit and tankers loading is being implemented as usual. The price of futures contracts for Brent crude oil for September delivery on the London Stock Exchange was up 0.4%, at $ 47.81 per barrel on Monday. The cost of August futures contracts for WTI crude oil on the New York Mercantile Exchange increased by 4 cents by that time – to $ 45.99 per barrel on Monday.

However, many manufacturers are actively hedging in the case if oil continues to decline in price in the second half of the year.

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment