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Oil rebounds before the fall of the dollar in the world

Oil rebounds before the fall of the dollar in the world

The barrel rises in London and New York on a day in which the dollar index begins to climb.

He barrel of petroleum Crude oil trades with rises in the international markets of New York and London this Friday in response to a fall in the dollar in the world, which -despite this drop- is trading near its highest level since March due to optimism about a progress in US debt limit talks and strong US economic data this year.

So, the crude West Texas Intermediate (WTI)which operates on the New York futures market, advances 1.32% and is traded at u$s72.9 a barrel in contracts with delivery in June.

Find out more – Dollar today and blue dollar today LIVE: how much they operate this Thursday, May 19

And, likewise, the brent oil of the North Sea, which is listed on the London Electronic Market (ICE), earns 1.53% and the barrel is agreed at u$s76.97 in the contracts for July, according to what was reported by the Bloomberg agency.

Meanwhile, the Organization of Petroleum Exporting Countries (OPEC) reported that its crude basket closed yesterday at $76.06 a barrel, compared to $74.60 the day before, which represented an increase of 1.95 %.

Source: Ambito

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