Oil jumped to March high, stocks are heading to record highs, while the US dollar is on the back foot.
Tag - wti - west texas intermediate
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The worse-than-expected US retails sales pushed the USD down. How to trade today?
Oil keeps rallying for the fourth day in a row after Goldman Sachs claimed that the oil market is in deficit and also because of the recent storm in the Gulf of Mexico, which led to the sharp decline of oil production. It is the best week for oil since June!
Oil prices are steadily growing as crude stockpiles have been declining for six weeks.