Oil News

Crude oil is trading at $81.25 as of 21:58PM, London Time. Crude’s Pool-Position 13% Long, meaning that most Finotec clients are selling the commodity.

Crude oil falls on profit taking after the surge and the weakening dollar

Crude oil is trading at $81.25 as of 21:58PM, London Time. Crude’s Pool-Position 13% Long, meaning that most Finotec clients are selling the commodity.

U.S. crude oil futures were down about 1 percent on Thursday, as traders booked profits after a rally to $82 a barrel, highest in a year, on Wednesday. Early bearish news on the labor front weighed on oil futures. The number of U.S. workers filing new claims for unemployment benefits rose more than expected last week, according to a Labor Department report. Prices had risen on Wednesday as a weak dollar attracted commodities buying and government oil inventory data showed a sharp drop in gasoline supplies and a smaller-than-expected rise in crude oil stocks. Crude oil is trading at $81.25 as of 21:58PM, London Time. Crude’s Pool-Position 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