Crude oil recovered amid rising tensions in Libya
Nov 10 2014
The U.S. crude oil futures rose on Monday in the Asian
markets and continue to appreciate for the second day due to the falling of the
U.S. dollar. Brent price rose above $ 84 per barrel, supported by the trade
balance data in China's
which is the second-largest oil consumer in the world.
While,
the dollar index fell for the second consecutive day and has ended its wave of
gains against the other currencies.
This encouraged investors to invest in the
commodities and precious metals markets.
On
the other hand, investors are monitoring the oil markets and political turmoil
in Libya, the largest oil
reserves in Africa, where some Libyan oil
fields have been closed also the disruption of oil supplies since 2 days ago.
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