Crude leaps in Asia

Crude leaps in Asia

On Friday, crude went up in Asia after the USA fired dozens of missiles into Syria, responding to a chemical weapons attack on civilians.

In New York, May delivery crude futures surged 1.51%, hitting $52.48 a barrel. Meanwhile, in London, Brent futures added 1.55%, trading at $55.70 a barrel.

Besides this, traders shift their attention to Baker Hughes rig count, expected to be released later on Friday.

Overnight, oil settled higher, as hopes that an OPEC-led cut would be extended beyond June compensated bearish American inventories data.

Oil futures managed to settle higher for a third straight day notwithstanding renewed worries that a ramp up in American crude output would dampened OPEC’s efforts to cut supply, after American crude inventories reached a record peak on Wednesday.

Wednesday’s report from the Energy Information Administration revealed a sudden surge in US crude inventories that confounded expectations for a dip in inventories because America approaches the ‘summer driving season’.



Crude is still backed

On Friday, oil was still underpinned amid everlasting optimism as for the rebalancing of the crude market, while the partial closure of the major North-American pipeline generated supply disruption worries…

Gold is nearly intact

On Friday, gold was nearly intact because the US currency started mildly recovering from steep losses demonstrated in the previous trading session…


promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later