Oil News

Crude Oil’s Pool-Position is 97% Long, meaning that most Finotec clients are buying the commodity.

Crude Oil holds above $68 predictions are for $70

Crude Oil’s Pool-Position is 97% Long, meaning that most Finotec clients are buying the commodity.

Oil fell on Tuesday but held above $68 a barrel as investors took profit from a jump of more than 3 percent a day earlier, spurred by hopes of economic recovery on the back of improving factory activity. Crude prices hit a near seven-month high and Wall Street soared on Monday after data showed U.S. manufacturing contracted at a slower-than-expected pace in May, industry activity expanded in China and surveys showed Europe’s situation was also easing. Crude Oil is trading $68.10 as of 9:30am, London Time. Crude Oil’s Pool-Position is 97% Long, meaning that most Finotec clients are buying the commodity.

Derivative and forex trading broker Finotec is a division of leading real-time Internet trading company Finotec Trading Inc, which pioneered the world of online forex trading in 1998. After launching our revolutionary forex online trading platform in 2001, we continued to improve our services and now serve clients of all sizes in many locations worldwide, offering them real-time Internet trading not only in currencies, but also in options, commodities,... More