Oil market review: "black gold" continues to grow

The G-20's decision to end currency wars was supported by the oil priceswho just yesterday began a new ascent.


Investors continue to buy in anticipation of the US Federal Reserve meeting on November 2-3, which is expected to announce a new wave of quantitative easing. These actions will lead to further weakening of the dollar and, consequently, to the growth of oil.


At NYMEX crude oil rose $0.83 (1%) to $82.52 a barrel. Brent oil rose 0.47% to $83.35 a barrel on the London Mercantile Exchange.


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