Oil rises on weaker Greenback

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Source: Marketwatch
Crude futures climbed on Thursday amid declining US stockpiles and a weakening Greenback, however the US oil benchmark still holds below the psychological $40 level. Contracts for Brent rose 2.82% to $44.35 per barrel, while WTI futures jumped 2.90% to $39.72 per barrel by 06:57 AM GMT. The bullish sentiment was also supported by the recovery in Asian stock markets after the massive sell-off at the beginning of this week.
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Thu, 27 Aug 2015 08:08:14 GMT

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