Trading news

Oil Prices Went Up

Equity markets posted mixed trading results mid-week. As such in Europe, the British FTSE 100 dropped 2.35 percent down to 6,388.46 points, the German DAX fell 1.25 percent down to 9,817.08 points, and the French CAC 40 shed 1.56 percent reaching 4,223.24 points.

On Russia’s stock exchange, the MICEX index grew 1.39 percent up to 1,554.46 points, and the RTS index gained 0.7 percent going up to 743.06 points.

In the United States, after a release of corporate reports, the Dow Jones Industrial Average fell 1.06 percent closing at 17,427.09 points, the Standard & Poor's 500 dropped 0.58 percent down to 2,011.27 points, and the NASDAQ Composite shed 0.48 percent down to 4,639.32 points.

Oil prices rose noticeably in the second half of the trading session. On the NYMEX, the price of the WTI oil future went up by $2.59 and made $48.48 a barrel. On London’s ICE, the price of the Brent oil future was up by $4.50 reaching $48.69 a barrel.

On the Forex market, EUR/USD fell considerably. However, recently the pair has started to regain ground. There will hardly be another sharp upsurge, and what's happening now is a pullback from the low.

Anna Gorenkova
NordFX Analyst

Thursday, 15 Jan, 2015 / 1:23

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