Crude shows the most impressive peaks since mid-2015

Crude shows the most impressive peaks since mid-2015

On Thursday, crude reached their highest value for more than 2-1/2 years, thus marking levels not observed since before a dip in commodity markets in 2014/15, underpinned by tensions in major producer Iran as well as by everlasting OPEC-led output cuts.

Prices were also supported by Asia's stock markets that flirted with 10-year maximums on Thursday amid firm data from key economies including Germany, Japan and the United States.

American West Texas Intermediate crude futures hit $62.12 a barrel, rising 0.8% from their previous settlement. They hit $62.17 briefly before, their highest outcome since May 2015.

As for Brent crude futures, they hit $68.13 a barrel, adding 0.4%, having reached a May-2015 maximum of $68.19 before.

Freezing weather in America has also powered short-term demand, in particular for heating oil.

Meanwhile, Iran's elite Revolutionary Guards have had to deploy forces to up to three provinces for the purpose of putting down anti-government unrest, which has been lasting for a week, as their commander told on Wednesday.


Latest news

Evergreen buck heads north

On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…

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

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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