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  • DAX

    17.994,37
    -94,33 (-0,52%)
     

  • Euro Stoxx 50

    4.967,84
    -22,04 (-0,44%)
     

  • Dow Jones 30

    38.460,92
    -42,77 (-0,11%)
     

  • Gold

    2.334,00
    -4,40 (-0,19%)
     

  • EUR/USD

    1,0720
    +0,0020 (+0,18%)
     

  • Bitcoin EUR

    59.639,28
    -2.574,21 (-4,14%)
     

  • CMC Crypto 200

    1.389,12
    +6,55 (+0,47%)
     

  • Öl (Brent)

    82,90
    +0,09 (+0,11%)
     

  • MDAX

    26.161,57
    -184,50 (-0,70%)
     

  • TecDAX

    3.276,19
    -23,41 (-0,71%)
     

  • SDAX

    14.116,57
    -91,06 (-0,64%)
     

  • Nikkei 225

    37.628,48
    -831,60 (-2,16%)
     

  • FTSE 100

    8.077,52
    +37,14 (+0,46%)
     

  • CAC 40

    8.063,51
    -28,35 (-0,35%)
     

  • Nasdaq Compositive

    15.712,75
    +16,11 (+0,10%)
     

Crude oil is surging

Akin Oyedele
petrochina oil pump rigs daqing oilfield
petrochina oil pump rigs daqing oilfield

(REUTERS/China Newsphoto)Oilfield pumping units of PetroChina Daqing Oilfield Company Limited at Daqing, northeast China's Heilongjiang province.

Crude oil is rallying.

West Texas Intermediate oil prices rose by more than 3% to as high as $57.97 a barrel on Thursday morning.

According to Reuters, this rally comes on concerns over Middle East supplies as the civil war in Yemen continues. Brent crude also rallied by more than 2%.

Oil prices have held above $50 through the month of April.

On Wednesday, the Energy Information Administration reported that commercial crude oil inventories rose by 5.3 million barrels from the previous period, more than the forecast of 3.2 million.

WERBUNG

Here's a chart showing the price movement on Thursday.

fut_chart (6)
fut_chart (6)

(FinViz)

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