Oil: Prices rising again – Danske Bank

Sandeep Kanihama FXStreet Contributor

Analysts at Danske Bank note that the oil prices are on the rise again, now trading around USD85/bbl, on fears hurricane Michael could lead to supply disruptions in the Gulf of Mexico.

Key Quotes

“This comes after a decline yesterday when the International Energy Agency urged OPEC to up the output as markets enter 'the red zone'. USD weakened slightly and equities were mixed in both the US and Asian sessions.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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