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Crude oil rises amid signs of decline in U.S. crude stocks.

Crude Oil rose for a second day amid speculation U.S. crude stocks decline, which may indicate high levels of demand as the United States of America's largest energy consumer in the world. In this respect, Futures rose by 1.2% in New York, upping rally yesterday, which scored 0.4%. Crude Oil rose for a second day amid speculation U.S. crude stocks decline, which may indicate high levels of demand as the United States of America's largest energy consumer in the world. In this respect, Futures rose by 1.2% in New York, upping rally yesterday, who scored 0.4%. In the meantime, it was communicated via American Petroleum Institute last week the decline in U.S. crude stocks of $ 9 million barrels. Waiting for the official report, which is expected to appear today to indicate drop for stocks worth 3.2 million barrels. On the other hand, Crude oil futures rose for August delivery by about $ 1.26 to $ 104.79 a barrel on the New York Stock Exchange trading. While the contract rose by about 39 cents to $ 103.53 a barrel yesterday, the highest close since the second of May 2012. In the meantime, Brent Crude Futures rose for the settlement of August by about 31 cents to $ 108.12 a barrel. Moreover, Asian stocks rose in light of anticipation of the Japanese Central Bank meeting that extends for two days on Monetary Policy and its stand on the lifting stimulus programs or keep them steady. MSCI Asia Pacific Index rose 0.5% to 132.12 points in Hong Kong. While the Topix Index in Japan rose 0.4%. In the same time Australian Index S & P / ASX 200 rose by 1% as well as the increase of New Zealand Index NZX 50 by 0.4%. Opened Crude Oil Futures for August delivery at $ 104.57 a barrel to trade at $ 104.38 a barrel, recording the highest at $ 104.79 per barrel and the lowest at $ 104.21 per barrel.

Wednesday, 10 Jul, 2013 / 7:52

Source : https://www.firstbinaryoption.com

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