Monday, 20 June 2016

Oil Extends Gains As Brexit Fears Ease


through Aaron Sheldrick
TOKYO (Reuters) - Oil extended gains in Asian buying and selling on Monday as a weaker dollar and easing concerns over Britain's possible exit from the european Union helped help crude.
London Brent crude for August shipping was up 34 cents at $forty nine.51 a barrel by using 0235 GMT, after settling up $1.ninety eight, or four.2 percentage, at $forty nine.17 on Friday.
NYMEX crude for July delivery, which expires on Tuesday, changed into up forty four cents at $48.forty two a barrel, after last up $1.seventy seven, or three.8 percentage, on Friday.
Campaigning for Britain's vote on ecu club resumed on Sunday after a 3-day hiatus triggered with the aid of the killing of a seasoned-ecu lawmaker.
3 opinion polls in advance of Thursday's vote confirmed the 'stay' camp recuperating some momentum, even though the general photograph remained one in all an frivolously break up citizens.
"it's far difficult to suppose the market's calmer tone... is going to be an ongoing subject matter this week, particularly as Brexit campaigning and the release of opinion polls has resumed again," ANZ said in a morning word.
The pound changed into up against the greenback at $1.4450 from $1.4350 on Friday. the japanese yen held now not a long way from its maximum stage towards the dollar in nearly two years. [USD/]
Oil costs continued to get better no matter records displaying U.S. electricity companies adding oil rigs for a 3rd week in a row, suggesting better production to come.
Oil offerings company Baker Hughes pronounced nine rig additions in the week to June 17. [RIG/U]
France's CGT union ended a strike on Friday that had paralyzed site visitors for 26 days at the Fos Lavera oil terminals at the Mediterranean, the country's biggest oil hub, a management professional at port operator Fluxel said.


No comments:

Post a Comment