Oil News

Crude Oil is trading at $1014 as of 8:10am, London Time. Crude’s Pool-Position is 97% Long, meaning that most Finotec clients are buying the commodity.

Crude oil declines as inventories come out higher than expected

Crude Oil is trading at $1014 as of 8:10am, London Time. Crude’s Pool-Position is 97% Long, meaning that most Finotec clients are buying the commodity.

Oil prices extended losses and fell closer toward $68 a barrel on Thursday, as data showing an unexpectedly high build up in U.S. oil and products stockpiles reminded traders that oil prices may have run ahead of the demand fundamentals. The U.S. Energy Information Administration reported commercial stockpiles of crude rose 2.8 million barrels in the week to Sept. 18, against analysts’ expectations of 1.5 million barrels fall. Crude Oil is trading at $1014 as of 8:10am, London Time. Crude’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