Crude is still positive in Asia on geopolitical tensions

Crude is still positive in Asia on geopolitical tensions

On Monday, crude gave up some of the early revenues in Asia, with tensions on the Korean peninsula in focus along with the recent fallout from a missile strike by the US military the previous week on a Syrian airbase, which drew a steep rebuke from key crude producers Russia and Iran.

In London, June delivery Brent futures grew 0.14%, trading at $55.32 a barrel. Additionally, May delivery US West Texas Intermediate crude futures soared 0.25%, demonstrating $52.37 a barrel.

The previous week, crude futures settled higher for the fourth trading session in a row on Friday, thus extending a surge to the strongest level in about a month after two American destroyers based in the Eastern Mediterranean launched up to 59 Tomahawk cruise missiles at a Syrian air base in response to Bashar al-Assad's alleged deployment of chemical weapons against his own citizens.

Crude pared some of the revenues later in the trading session as worries about a wider escalation in the region faded and American economic data weighed on global financial markets.

Similar

Gold moves down

On Friday, gold declined, simultaneously trying to preserve its weekly profits because the USD index jumped, offsetting its abrupt weekly dive…

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera