Oil prices rise as dollar weakens today

The depreciation of the dollar exchange rate makes oil prices rise

In brief: Oil prices continue to rise after a slight break. Dollar exchange rate decreases.

Dollar exchange rate affected the rise in oil prices. Oil prices have risen against the depreciation of U.S. dollar. Restoring growth in the U.S. stock market also played a positive role in the oil market.

The August futures for delivery of petroleum of mark WTI have grown on 0,7% to $ 76.54 per barrel. Last week, oil fell by 0,1%. Euro now risen against the U.S. dollar in anticipation of the results of stress tests of European banks. Economic data from the U.S., describing the state of the housing market, were disappointing. Euro has risen in price to $ 1,297 versus $ 1,292 on Friday. The dollar index, which allows to estimate the value of the dollar against a basket of six major currencies, fell to 82.45 against 82.53. Attention players focused on the stress test of European banks, whose results will be announced shortly. Many people ask, when will publish the results of stress tests of European banks to radically change the situation…

Ukrainian Globalist
2010-07-19 23:27, Commodities.

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