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Business / Finance

Oil updates 3-month highs, the Euro / dollar is trying to start up from the level of 1.13

Forex Club 18.02.2019 at 12:01

The Price of oil (April futures) to 13.45 GMT Monday 18 February decreased 0.1% to 66.21 per barrel for Brent. Earlier on Monday it became more expensive to 66.84 dollars. Thus, the market of "black gold" konsolidiruyutsya above the round level of $ 66 per barrel, updating the highs from November 20.

Support the cost of oil comes from the estimates of OPEC and IEA published last week about the decline in OPEC production in January.

meanwhile, India in the first half of February increased imports of crude oil from Venezuela to 620 thousand barrels per day and took the lead on procurement in this country. At the end of January it amounted to about 400 thousand barrels per day.

the Largest oil and gas Corporation of India Indian Oil Corporattion agreed annual purchase of American oil volume of 60 thousand barrels per day for $ 1.5 billion. The contract involves the supply of April this year to March 2020.

the Euro-dollar exchange Rate the day trying to gain a foothold above the level of 1.13 insecure speakers after last week, when the pair reached the lows since mid-November last year. Support the single European currency comes amid a General growth in risk appetite on global markets. Investors act out of hope for a speedy resolution of trade conflict between the US and China.

the Country on 14 and 15 February was held another round of talks on trade issues at a high level. This week the negotiations will continue in Washington. The US President Donald trump once again stated the intention to transfer on March 1, the increase in duties on Chinese goods if they see that the parties are nearing agreement.

To 13.47 GMT, the Euro rose 0.3% to 1,1328 dollar.