Price of December WTI oil futures went up by $0.08 and stopped at $93.84 a barrel

November 18, 2013

Last Friday world financial markets closed on the rise due to the announcements by Janet Yellen, tipped to become the next chief of the US Federal Reserve. She intends to continue the QE3 program. Thus, in Europe the British FTSE 100 grew 0.41 percent up to 6,693.44 points, the German DAX 30 advanced 0.21 percent up to 9,168.69 points, and the French CAC 40 gained 0.19 percent making 4,292.23 points.

In Russia, the MICEX index grew 0.19 percent up to 1,493.79 points while the RTS went up by 0.68 percent to 1,444.24 points. 

In the United States, the Dow Jones advanced 0.54 percent up to 15,961.70 points, the NASDAQ grew 0.33 percent up to 3,985.97 points, and the S&P 500 gained 0.42 percent up to 1,798.18 points.

On NYMEX, the price of December WTI oil futures went up by $0.08 and stopped at $93.84 a barrel. The January future stopped trading at $94.49 a barrel. On London’s ICE, the price of January Brent oil futures rose by $0.22 and reached $108.50 a barrel.

On the Forex market, EUR/USD is at strong resistance made of the short-term and medium-term MA’s. 

Anna Gorenkova, NordFX Analyst

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