Positive cohesion of oil prices in a range that tends to rise as Nemex crude bounced for the second session of the lowest price from last October and Brent crude rebounded from its lowest price since October 2019 amid the dollar index rebound and according to the inverse relationship between them in light of developments and economic data expected today from policy makers In the US economy, the largest producer and consumer of oil globally, amid market concerns about the spread of the Corona virus globally
And at exactly 04:59 am GMT, oil price futures contracts, "Nymex", for next March delivery, rose by 0.51% to trade at $ 53.06 levels per barrel, compared to the opening at $ 52.77 per barrel. Knowing that the contracts started the trading session on a falling price gap After yesterday's trading ended at $ 53.14 levels a barrel.
Brent crude futures for March delivery rose 0.20% to trade at $ 59.15 a barrel compared to the opening at $ 59.03 a barrel, knowing that the contracts also initiated trading on a falling price gap after yesterday's trading closed at $ 59.32 a barrel, with The dollar index fell 0.01% to 97.94 compared to the opening at 97.95, knowing that the index ended yesterday's trading at 97.96.
We are awaiting a reading of the Durable Goods Orders Index in the United States, which represents about half of consumer spending, which represents more than two-thirds of the gross domestic product in the United States, and that may reflect a rise of 1.2% compared to a decline of 2.1% last November. The substantial reading of the same indicator may also show an increase of 0.4 % Against a decline of 0.1% in November ... so follow us
