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[QUOTE="Vistabrokers, post: 86247, member: 32993"]
[b]Vista Brokers: Oil Is Rising amid Stock Market Rally in China[/b]

[img]http://s019.radikal.ru/i607/1507/fd/9550386416cd.jpg[/img]

On Friday, oil futures are rising in price amid China's stock market rally, which followed protracted decline (-30% over the last three weeks). Vista Brokers analysts note that the main index of the Chinese market Shanghai Composite has gained more than 5% today after the Chinese authorities have taken additional measures to stabilize the situation and to ensure market liquidity inflows.

Commodity investors viewed negatively the decline of the Chinese stock market, because China is one of the largest importers of oil and other resources in the world. Stabilization of the situation supports the market. Today, on the New York Mercantile Exchange crude oil futures for August delivery have reached during early European trading the level of $ 53.28 a barrel, gaining 0.90%.
Meanwhile, on the ICE Futures Exchange in London, August Brent futures have risen by 1.09% to $ 59.22 per barrel. The spread between Brent and WTI contracts is equal to $ 5.94 per barrel.
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