Crude leaps in Asia

Crude leaps in Asia

On Monday, oil held revenues in Asia notwithstanding a break by several Middle East as well as Gulf countries with Qatar because Egypt, Saudi Arabia, the UAE along with Bahrain snapped commercial and diplomatic ties.

July delivery US West Texas Intermediate crude futures added 0.88%, trading at $48.08 in New York, while in London, August delivery futures soared 0.92%, being worth $50.41 a barrel.

Qatar shares the world’s number one gas field, South pars with Iran. The business and political ties have irritated Saudi Arabia. Other GCC countries dislike Iran’s support for Shia-linked militants, while a fresh statement attributed to Qatar's ruler on Saudi and American policies toward Iran have worsened the overall situation.  

The previous week on Friday, crude futures settled at the lowest value in more than three weeks, with prices suffering their greatest weekly loss in a month amid ascending worries over soaring shale output in America.

Similar

Popular

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

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