Oil News

Crude Oil is trading at $80.90 as of 22:06PM, London Time. Crude’s Pool-Position is 13% Long, meaning that most Finotec clients are selling the commodity.

Crude Oil goes above $81 a barrel on a weak dollar

Crude Oil is trading at $80.90 as of 22:06PM, London Time. Crude’s Pool-Position is 13% Long, meaning that most Finotec clients are selling the commodity.

U.S. crude oil futures ended on Wednesday above $81 a barrel, the highest in a year, lifted by government data showing an unexpectedly large drawdown in gasoline stockpiles last week. Crude inventories rose less than expected while distillate supplies fell, though less than forecast, weekly data from the U.S. Energy Information Administration showed, and both proved price supportive, traders said. Gasoline futures climbed to a seven-week high. Crude Oil is trading at $80.90 as of 22:06PM, London Time. Crude’s Pool-Position is 13% Long, meaning that most Finotec clients are selling 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