Oil Prices Rise

Forex News

Oil prices rose by more than 10% in two weeks, compared with the lows in early June. The growth of oil, to a large extent, was caused by a reduction of the US inventories.

Brent crude oil opened at $47.00 at a session in Asia. The price of WTI oil was $44.50. Analysts suggest, that medium-term ranges of Brent and WTI are more likely to be between $40 and $50 per barrel.

Friday's issues of Non-Farm Payrolls from the US had a negative impact on state of gold. Gold prices fell by 1.7%. At the beginning of today's trading in Asia, gold was traded at 1212.00 level.