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Oil rises due to the dollar's decline and the hopes of resolving the crisis in Greece

Oil rises due to the dollar's decline and the hopes of resolving the crisis in Greece


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Oil rises due to the dollar's decline and the hopes of resolving the crisis in Greece

News Economy and oil all over the world

Oil rises due to the dollar's decline and the hopes of resolving the crisis in Greece

Oil prices rose on Thursday, with the dollar's decline, which reduces the cost of buying crude to holders of other currencies and supported by hopes of a breakthrough at the last minute to prevent a Greek exit from the euro zone and contribute to avoid a shock to the European economic growth

The dollar was down 0.5 percent to its lowest level in a month in front of you a basket of currencies after the Federal Reserve disappointed (US central bank) disappointing investors who had hoped to provide clearer indications on the timing of the lifting of interest rates

And meet European finance ministers in Luxembourg on Thursday in a meeting might be the last for a political solution to Greece a chance after the collapse of other talks

And increased the price of Brent crude in August of $ 1.09 to $ 64.96 decades barrel and then fell to around $ 64.70 a barrel by 1055 GMT

US crude price in July 70 cents to $ 60.62 a barrel

German Chancellor Angela Merkel, on Thursday, it was still possible to reach an agreement with Greece to international creditors who are the European Union and the International Monetary Fund and the European Central Bank

The price of oil fell Thursday morning after data from the US Energy Information Administration rising gasoline stockpiles showed 460 thousand barrels last week, countering analysts' expectations which was referring to the decrease of 314 thousand barrels

Forex،Economy،Airbus،Paris