Brent: Oil price has grown this week. Fundamental analysis of 16.05.2016

Forex analytics: Despite the partial profit taking in long positions last Friday, which caused minor decline in price of oil futures (oil futures of Brent at ICE Futures Europe fell by 0.5% to 47.83), oil prices went up last week. The rise in oil prices was caused by poor US labor market data, released at the beginning of this month and fires in the Canadian province of Alberta. Allegedly, some Canadian ...