Source: ForexYard
The price of crude oil was boosted during Wednesday’s trading after a slightly positive crude oil inventories report.The moderate gains come after several days of losses which saw the commodity finish Tuesday’s trading at its lowest price since February. Crude’s gains were also largely due to better then expected earnings from Alcoa Inc.
Crude appreciated 1.7 percent to reach the $102.70 mark after the latest inventories report which showed improved results in comparison to previous figures . Wednesday’s performance saw the first gains made by the commodity in three days after slipping from last week.
There are still a number of financial reports due for release during Thursday and Friday which could have an impact on both the commodity and currency markets.
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