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.