Oil News

Crude Oil is trading at 66.95 as of 8:45am, London Time. Crude’s Pool-Position is 90% Long, meaning that most Finotec clients are buying the commodity.

Crude Oil hovering around the $67 mark as investors believe in a hike

Crude Oil is trading at 66.95 as of 8:45am, London Time. Crude’s Pool-Position is 90% Long, meaning that most Finotec clients are buying the commodity.

Crude oil traded near $67 a barrel in New York, after rising in the past two days, on optimism fuel demand will increase amid improved prospects for an economic recovery in the U.S., the world’s biggest energy consumer. Still, ample U.S. oil supplies may curb gains in prices. An Energy Department report due tomorrow will probably show crude oil stockpiles rose 1 million barrels last week, based on the median estimate of nine analysts surveyed by Bloomberg News. Crude Oil is trading at 66.95 as of 8:45am, London Time. Crude’s Pool-Position is 90% Long, meaning that most Finotec clients are buying the commodity.