Oil News

Crude Oil is trading at $70.90 as of 9:30am, London Time. Crude Oil’s Pool-Position is 79% Long, meaning that most Finotec clients are buying the commodity.

Demand in china for crude Oil is on the up as the recession slows

Crude Oil is trading at $70.90 as of 9:30am, London Time. Crude Oil’s Pool-Position is 79% Long, meaning that most Finotec clients are buying the commodity.

China’s crude output edged down 0.3 percent in July from a year earlier, a slower decline versus June, the National Statistical Bureau said on Tuesday. China, the world’s fifth-largest crude producer, which pumps half of the oil the country consumes, produced 16.14 million tons in July, or 3.8 million barrels per day. June output was down 1.8 percent year on year. Crude Oil is trading at $70.90 as of 9:30am, London Time. Crude Oil’s Pool-Position is 79% 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