CRUDE OIL TIPS FOR DAY TRADING

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In commodities, oil prices gained following American Petroleum Institute data showing a surprise drop in US crude stocks last week. Official data from the US Department of Energy's Energy Information Administration is expected on Thursday. 

US crude added 0.9 per cent to $54.08. 

Global benchmark Brent crude also rose 0.9 per cent to $56.33. 

Despite the dollar's rise, the pullback in risk appetite allowed gold to retain Wednesday's modest gains.

Our Latest Recommendation:

Current exchange rate of crude oil is 54.03 and it is recommended to buy.

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Investing in oil is considered one of the most attractive channels in global financial markets. Oil is always in demand due to its many uses in the energy sector as fuel and gas. As such oil can help you take advantage of different dynamics that greatly affect the currency market. This will allow you to widen your portfolio and limit the risks that are associated with trading the black gold.
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