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Weak trading of crude oil after two sessions of gains
Witnessing weak crude oil traded during the session on Friday after he was able to achieve higher during the previous two sessions despite the decline, which controls the performance of crude oil throughout the session, but he eventually recovers and prices end higher.
Traded futures US crude oil prices at $ 33.03 a barrel, after today's session opened at $ 33.09 a barrel, the lowest at $ 32.77 a barrel comes after crude oil prices rose yesterday to a record high at $ 33.49 a barrel.
The rise in crude oil prices comes amid positively affected by the weakness of the US dollar levels, which contributes to the activation of the inverse relationship that crude oil paid to rise at the expense of the weak dollar against major currencies.
The current volatility in the US dollar levels comes after US data released today show conflicting readings which increased uncertainty in financial markets about the future performance of the US economy and future outlook for him.
The focus shifts now to the meetings of the Group of Twenty and what may result from their discussions and decisions on the global financial market conditions at the moment.
The dollar index, which tracks the dollar's performance against a basket of major currencies saw a decline today, the lowest level at 97.19 after it opened today's session at the level of 97.44 to currently trade at 97.24 level comes after scoring yesterday's low of 97.22.
