Oil News

Crude Oil is trading above $65 a barrel as investors eye an economic recovery

Crude Oil is trading above $65 a barrel as investors eye an economic recovery

The market will turn to the release of weekly U.S. inventory data on Wednesday to gauge whether talk of economic recovery is translating into real demand

Crude Oil steadied near $65 a barrel on Tuesday, holding onto recent gains made as optimism over a global economic recovery sparked a rally in equity markets and a drop in the dollar. The market will turn to the release of weekly U.S. inventory data on Wednesday to gauge whether talk of economic recovery is translating into real demand in the world’s top energy consumer. Crude is trading at $65.10 as of 9:30am, London Time. Crude Oil