Prices are on the up again!

Market Update

Oil prices are trading higher after volatile trading sessions on Thursday and Monday on the futures markets when Rotterdam trading was closed and volumes were low. The news flow is generally supportive for prices with the US non-farm payroll data which was published on Friday afternoon much better than expected. As a result both equities and commodities are higher. The Baker Hughes oil rig count was also published on Friday evening and showed a rise in the US oil rig count of 13 to 337.

Older Post Newer Post