Thursday, December 24, 2015

Commodity tips : Crude prices rising in early trade

Today, Prices of United States crude continued increasing in early trading session, headed for an 11 per-cent rise in the week leading up to Christmas, as the US market tightened on the back of falling supplies & looming exports.

The strengthening market is a result of falling stocks, decreased drilling activity, & looming exports following the lifting of a 40-year old ban of US crude exports.

Oil speculators, observers are buying options contracts that will only pay out if crude drops to as low as $15 a barrel up coming year, the latest sign investors hopes an even deeper slump in prices of energy.

Click For Free Trial