Oil drops for a second session on increased supplies

Note: This section contains information in English only.
Source: Bloomberg
Crude prices declined for a second straight day as US oil supplies expanded and Fed signalled no additional accommodation currently is needed. May oil gave up USD 0.41 to USD 103.6 a barrel. Yesterday the contract dropped 1.2% to USD 104.01 a barrel. Brent oil to be delivered in May shed USD 0.23 to USD 124.63 per barrel. Oil supplies rose by 7.8 million barrels last week. 

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.