US crude oil for September delivery rose 53 cents to $78.11 a barrel Wednesday before falling back to $77.83 in European trading. Stronger earnings by several US firms including Apple and Morgan Stanley gave rise to an improved outlook for growth and news earlier this week that China continues to increased demand for energy, helped lift oil prices.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.