Oil Price Continue to Fall

May 15, 2015

Yesterday world financial markets posted mixed results. In Europe, the British FTSE 100 grew 0.34 percent to 6,973.04 points, the French CAC 40 advanced 1.36 percent up to 5,029.31 points, and the German DAX 30 gained 1.84 percent going up to 11,559.82 points.

In Russia, the MICEX index fell 0.28 percent to 1,677.57 points, and the RTS index slumped 2.52 percent down to 1,054.90 point.

In the United States, the Dow Jones added 1.06 percent reaching 18,252.24 points, the S&P 500 dropped 1.08 percent down to 2,121.10 points whereas the NASDAQ advanced 1.39 percent up to 5,050.80 points.

On the commodity market, the NYMEX price of WTI oil futures for June went down by $0.62 and made $59.88 a barrel while on London’s ICE, the price of Brent oil futures for June was down by $0.22 reaching $66.59 a barrel.

On the Forex market, EUR/USD went up yesterday and is experiencing a slight correction today.

Anna Gorenkova, NordFX Analyst

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