Oil News

Crude is trading at $73.15 as of 22:08PM, London Time. Crude’s Pool-position is 22% Long, meaning that most Finotec clients are selling the commodity.

Crude inches up as the cold sets in and the dollar weakens

Crude is trading at $73.15 as of 22:08PM, London Time. Crude’s Pool-position is 22% Long, meaning that most Finotec clients are selling the commodity.

U.S. crude oil futures rose on Monday, lifted by the weak dollar, cooler temperatures and the optimism about corporate earnings and economic recovery boosting most equities markets. The dollar fell as investors positioned ahead of U.S. corporate earnings reports this week on expectations that better-than-forecast results will raise risk tolerance. [USD/] Global equity markets moved up as investors bet on a positive corporate earnings season in both the United States and Europe. Crude is trading at $73.15 as of 22:08PM, London Time. Crude’s Pool-position is 22% Long, meaning that most Finotec clients are selling the commodity.