Oil price closed higher after a strong rise at 2%

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The price of oil Thursday, may 16 increased relative to the levels of the previous closing in the range of 2% to 73,20 USD per barrel.
The market of “black gold” is growing on the background of aggravation of the situation around Iran. The US said the threat from the Islamic Republic. In this regard, from Baghdad and other Iraq cities nearby were evacuated non-operational staff of diplomatic missions of the USA. Parallel to this, in the middle East region pulled together the American aircraft carriers and other military forces.
The escalation of tension has increased after the recent drone attacks on oil infrastructure in Saudi Arabia and the attack on the tankers in this country in the Strait of Hormuz. Earlier, senior representatives of Iran stated that, if necessary, block the Strait, through which a significant portion of oil exports from the middle East.
The return of oil prices to two-week highs helped one of the traders Forex Club earn per day more than 15 thousand dollars by trading in gold futures on the mark Brent.
The Euro against the dollar fell below the psychologically important mark of 1.12. The pressure on the European currency against the dollar comes from a strong weekly data on the US labor market.
The number of initial claims for unemployment benefits last week amounted to 212 thousand, while analysts had forecast the figure at 220 thousand.
In addition, a positive trade balance of the European Union in March amounted to 22.5 billion euros against 26.9 billion a year earlier. The positive balance of foreign trade of the EU and the US decreased for the first quarter to 33.9 billion euros from 36.2 billion a year earlier.
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Denis Povtoreiko,
Financial scout,
Forex Club