InstaForex InstaForex

Crude Oil Down This Week, Nat Gas Spikes Higher

crude oil down this week, nat gas spikes higher

Crude oil futures rose Friday, trimming weekly losses after a report showed global oil demand is rebounding.

Global oil demand is expected to reach 1.5 million barrels per day this year, the IEA said, revising up its July forecast from 1.4 million. In 2018 demand is seen growing by a further 1.4 million.

Meanwhile, Baker Hughes reported that the number of active U.S. rigs drilling for oil climbed by 3 to 768 rigs this week. However, the total active U.S. rig count including nat gas rigs fell by 5 to 949

Sept. WTI oil up 23 cents, or 0.5%, for the session to settle at $48.82/bbl, but were down 1.5% this week. Natural gas was up 7.5% after domestic supplies rose at a small pace.

Recommend: Forex News
Estonia PPI Inflation Accelerates In July
2017-08-21 06:41:00 UTC+00 11 hours, 15 min. ago  
Views today: 809 
Thailand's GDP Growth Accelerates In Q2
2017-08-21 05:02:00 UTC+00 12 hours, 54 min. ago  
Views today: 778 
Japan All Industry Activity Recovers In June
2017-08-21 04:41:00 UTC+00 13 hours, 15 min. ago  
Views today: 841 
Belgium Consumer Confidence Unchanged In August
2017-08-21 13:28:00 UTC+00 4 hours, 28 min. ago  
Views today: 745 
New Zealand Net Migration Climbs In July
2017-08-21 04:33:00 UTC+00 13 hours, 23 min. ago  
Views today: 789 

Support and resistance levels

Aug 21 at 17:56 UTC
Start trading with
no risks and investments
With new Start-Up Bonus of $1000
Get bonus
from InstaForex
on every deposit