Oil News

Crude is trading at $66.25 as of 11:42am, London Time. Crude Oil is trading at 97% Long, meaning that most Finotec clients are buying the commodity.

Crude Oil might try to test the $60 mark as the Dollar gains

Crude is trading at $66.25 as of 11:42am, London Time. Crude Oil is trading at 97% Long, meaning that most Finotec clients are buying the commodity.

Oil rebounded above $66 a barrel on Friday, after a drop of more than 4 percent to its lowest in eight weeks as weak U.S. home sales stoked doubts about the pace of a fuel demand recovery in the world’s top energy consumer. Spooked by government data showing a large build in U.S. crude oil stockpiles earlier in the week, oil prices are on track to snap two straight weeks of gains and post a drop of nearly 8 percent this week, making their worst weekly performance in about 2-½ months. Crude is trading at $66.25 as of 11:42am, London Time. Crude Oil is trading at 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