Source: ForexYard
Crude oil prices reached a three-day high after better then expected U.S Retail Sales figures and played off the renewed concerns over the financial stability of Spain in the Euro-zone.
U.S retail numbers were on the rise for the month of March, coming as some what of a surprise as the outcome was greater then expected.
Crude for May delivery rose 0.8 percent to$103.77 per barrel on the New York Mercantile Exchange.The commodity was trading just below this rate at $103.68 at approximately 12:00pm London time. Despite the ongoing tensions with Iran and the West, Crude Oil has shown a 4.9% rise in prices for 2012 so far.
Forex Market Analysis provided by ForexYard.
© 2006 by FxYard Ltd
Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.
