Crude slips away from 2015 maximums

Crude slips away from 2015 maximums

On Wednesday, oil slipped away from two-and-a-half year maximums reached the previous trading session. It’s because of the gradual resumption of flows via a key North Sea pipeline offset supply disruption in Libya.

However, the two outages in rapid succession have clearly shown how much tighter crude markets worldwide have become a year into supply reductions led by OPEC along with Russia.

American West Texas Intermediate crude futures hit $59.74 a barrel, sliding 23 cents from their previous settlement. Apparently, in the previous session WTI futures overleapt $60 a barrel for the first time since June 2015.

As for Brent crude futures, they demonstrated $66.66 a barrel, losing 36 cents. Yesterday, the given commodity benchmark managed to break through $67 for the first time since May 2015.

The dives happened to be an outcome of the gradual return of the 450,000 barrels a day capacity Forties pipeline system, situated in the North Sea.

Similar

Gold declines on Fed remarks

On Wednesday, gold headed south and kept to a one-year minimum due to the fact the evergreen buck managed to strengthen on Fed Chair’s remarks, which backed views that the US major financial institution considers lifting its interest rates this year…

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

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