Brent Crude prices rise during the week - ZENMoney

Brent Crude prices rose for the week on rising conviction that monetary stimulus measures from major central banks would stay in place for now along with a rally in US markets coupled with encouraging economic data coming in from US markets.

The turmoil and outages in oil-producing regions coupled with large build up in US gasoline inventories and heavy spread trading lent further support to Brent prices.

A firmer US dollar coupled with gloomy demand outlook stemming from fears of a liquidity crunch in China along with less chance of reduced US imports from Canada as part of a Canadian pipeline came back online kept a lid on gains.

Source : Equity Bulls

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