A barrel of West Texas Intermediate oil in supplies on VI costs at Nymex in New York $ 64.27, above 0.94 percent.
Brent on ICE on VI is valued after $ 68.06. for a barrel, after an increase of 0.92 percent
President Donald Trump warned last week that the American economy could slow down if the Fed did not reduce interest rates, criticizing the head of Fed Jerome Powell. Now he said that he was not going to release the president of the federal reserve.
“No, I'm not going to fire it. I would like it to be a little more active when it comes to the idea of lowering interest rates. It's the perfect time to lower interest rates. And if he doesn't do it, is it over? No, it's not over” – said Donald Trump.
Look: “I'm not going to”. Donald Trump about the future of the head of the Fed
Analysts indicate that the change in Donald Trump's attitude towards the FED has helped to improve market sentiment.
“Crude oil benefited from reducing the variability on assets and the general feeling of investors that the political error in Donald Trump's pressure was avoided to quickly remove Powell from the position,” says Chris Weston, head of the research department at Pepperstone Group Ltd.
Meanwhile, crude oil reserves are decreased in the US – according to the latest industry report of the American Fuel Institute (API). Last week they were to shrink by 4.57 million barrels.
