Oil News

Crude Oil is trading at 72.17 as of 9:28am, London Time. Crude Oil’s Pool-Position is 76% Long, meaning that most Finotec clients are buying the commodity.

Crude Oil rises as investors predict that demand will increase and inventories decrease

Crude Oil is trading at 72.17 as of 9:28am, London Time. Crude Oil’s Pool-Position is 76% Long, meaning that most Finotec clients are buying the commodity.

Crude Oil rose on Wednesday, bolstered by a drop in U.S. distillate inventories and optimism that a slowdown in U.S. private job losses in July could signal a gradual turnaround in the economy. U.S. inventories of distillates which include heating oil as well as key fuels for industry such as diesel fell by 1.0 million barrels last week, according to the U.S. Energy Information Administration. Crude Oil is trading at 72.17 as of 9:28am, London Time. Crude Oil’s Pool-Position is 76% 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