Oil News

Crude Oil rises and trying to target the $70 a barrel as stocks improve

Crude Oil rises and trying to target the $70 a barrel as stocks improve

Crude Oil is trading at $68.50 as of 9:40am, London Time. Crude’s Pool-Position is 88% Long, meaning that most Finotec clients are buying the commodity.

Oil rose for a third session on Monday to hit the highest in more than three weeks near $69 a barrel as stock markets gained on hopes of an economic recovery that would boost fuel demand. European stocks advanced following gains in Asia, where equities rose for the ninth day in 10 as investors focused on better corporate earnings and moving money into riskier, higher yielding assets. Crude Oil is trading at $68.50 as of 9:40am, London Time. Crude’s Pool-Position is 88% Long, meaning that most Finotec clients are buying the commodity.