Forex news for November 28, 2016 in North American trading:
Markets:
– Gold up $9 to $1193
– WTI crude up 83-cents to $46.89
– S&P 500 down 12 points to 2201
The oil market liked the early comment from Iraq touting cooperation and largely brushed off the other sigs of discontent as the regular grandstanding ahead of a deal. WTI had been as low as $45.65 at the start of US trading but it jumped on the Iran headline and continued to $47.50 before finishing at $46.94. Expect dozens more OPEC headlines in the day ahead.
