Oil Prices Rise Due to Conflict in Yemen

March 26, 2015

Yesterday world financial markets closed with a drop mainly, with the exception of oil prices.

In Europe, the British FTSE 100 fell 0.41 percent to 6,990.97 points, the German DAX shed 1.17 percent down to 11,865.32 points, and the French CAC 40 dropped 1.32 percent to 5,020.99 points.

In Russia, the MICEX index fell 0.15 percent down to 1,616.13 points and the RTS index – 0.28 percent down to 877.84 points.

In the United States, the Dow Jones grew 1.63 percent up to 17,718.54 points, the S&P 500 dropped 1.46 percent to 2,061.05 points, and the NASDAQ lost 2.37 percent getting down to 4,876.52 points.

The NYMEX price of May futures for WTI oil rose by $1.7 and reached $49.21 a barrel. On London’s ICE, the Brent oil future for May went up by $1.37 and made $56.48 a barrel. Oil prices are on the rise due to the military operation launched by Saudi Arabia in Yemen that is situated near a shipping lane used to transport oil from the Persian Gulf to other parts of the world.  

On the Forex market, EUR/USD has had a serious correction off its lowest level. Now one has to wait when the pair's further direction becomes clearer.

Anna Gorenkova, NordFX Analyst

Publication source
NordFX information  NordFX reviews

January 20, 2017
The dollar has settled moderately lower
Asian stock markets were mixed overnight, after U.S. and European shares closed in the red Thursday. Japan and mainland China bourses managed to move higher (Chinese GDP beat expectations at 6.8%)...
January 20, 2017
A huge disappointment in the UK data
UK retail sales fell most since 2012. We see he fastest pace of decline in almost five years in December. It is due to sales of... pretty much everything from household goods to clothing and food...
January 20, 2017
Trump takes office today. Markets await inauguration speech
Investors await Trump's inauguration and speech due later today as he takes office as the 45th President of the United States. The U.S. dollar was seen giving up some of the gains yesterday with some volatility coming off the EURUSD on the back of the ECB meeting...

EXNESS Rating
XTB Rating
FIBO Group Rating
Tickmill Rating
FOREX.com Rating
OANDA Rating

Beeoptions Rating
Banc De Binary Rating
UKoptions Rating
Empire Option Rating
365BinaryOption Rating
OptionRally Rating