The Dec Nymex Crude oil futures contract closed at $63.22 from $64.15 on Friday, but rose back to $64.89 and is trading at $63.86 a barrel at 9:50 am GMT on the news that OPEC may hold yet another production-cutting meeting in December. Also, the dollar exchange rate fell and Mexico has had to close two facilities due to weather.
We get the inventory report tomorrow, probably a sizeable build.
Buy for Now
Barbara Rockefeller
Forex Trading Reports
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