Strong S & P offers a chance for oil prices

Oil prices will rise slowly

In brief: S & P500 rose by more than 1%, the leaders of growth were commodity companies, a further rise in oil prices is quite possible.

Oil prices may start new growth. On Tuesday, the American stock market closed in the positive range, in particular, the S & P500 index added 1%. It is better to market the shares of commodity companies. In Asian markets today dominated by negative dynamics.

As leaders of the Japanese stock market decline, an additional negative for which has been the strengthening yen. Quotes of oil showing a decrease. Price per barrel of Brent is still above the mark at $ 72. According to our estimates for this morning background negative for the Russian stock market. Somewhat better market today can once again look gold shares, which will win back the growth of gold prices. Declining oil prices will put additional pressure as the shares of oil and gas companies and the market as a whole. On the oil market today can influence the data on stocks of fuel in the U.S., which will be published at morning.

Ukrainian Globalist
2010-06-09 08:05, Commodities.

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