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Forex: Rising crude oil prices
Crude oil prices increased significantly during trading yesterday, and with an improvement in U.S. economic data yesterday, and the high expectation of higher U.S. demand for goods in the near future. Analysts point out that demand will also rise because of the cold weather in winter in the United States of America.
On the other hand, the positive mood has been replaced by a negative psychological situation coming from the euro area. And caused by the debt crisis in Europe. With the approach of crude oil from levels of $ 100 a barrel, it is possible that the oil continued to rise ahead of Christmas holidays.
Crude oil prices increased significantly during trading yesterday, and with an improvement in U.S. economic data yesterday, and the high expectation of higher U.S. demand for goods in the near future. Analysts point out that demand will also rise because of the cold weather in winter in the United States of America.
On the other hand, the positive mood has been replaced by a negative psychological situation coming from the euro area. And caused by the debt crisis in Europe. With the approach of crude oil from levels of $ 100 a barrel, it is possible that the oil continued to rise ahead of Christmas holidays.
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