Oil Prices on the Up

March 4, 2015

Yesterday world financial markets closed mixed again. In Europe, the British FTSE 100 fell 0.74 percent to 6,889.13 points, the DAX dropped 1.14 percent down to 11,280.36 points, and the French CAC 40 shed 0.98 percent going down to 4,869.25 points.

On the Russian floors, the MICEX index grew 1.37 percent up to 1,807.70 points while the RTS index advanced 1.49 percent up to 917.05 points.

In the USA, the Dow Jones fell 0.47 percent down to 18,203.37 points, the S&P 500 declined by 0.45 percent down to 2,107.78 points whereas the NASDAQ grew 0.56 percent up to 4,979.90 points.

The NYMEX cost of April futures for WTI oil went up by $0.93 and made $50.52 a barrel. On London’s ICE, the price of Brent oil futures for April rose by $1.48 and reached $61.02 a barrel. The price hike had to do with an attack on the biggest oil port in Libya.

On the Forex market, the situation with EUR/USD remains unchanged.

Anna Gorenkova, NordFX Analyst

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