Trading news

Expert's opinion from FXFinPro

Oil will likely continue to fall

The price of oil today shows a strong decline after the capital of Qatar hosted a meeting of a number of major oil producers among which was the majority of OPEC countries and Russia. As a result, at the meeting was not taken decisions on freezing the volume of oil production. As a result, some countries may continue to increase the amount of oil that will help to maintain an excess of oil supply in the market. According to our forecasts, Light Sweet oil price is likely to continue to decline in the near future, and in this case the target levels will be 36 and 33 dollars per barrel.

More detailed analytics you can see at our site https://fxfinpro.com/en/analytics

 

Monday, 18 Apr, 2016 / 1:11

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

2020 Olympics & The Japanese Economy

With the 2020 Olympics kicking off after a year-long delay, just how much of a [...]

Posted on Friday, 23 Jul, 2021 / 1:30 under

Fed, Inflation, And The Housing Bubble

Yesterday, the US’ second-largest homebuilder, D.R. Horton, announced [...]

Posted on Friday, 23 Jul, 2021 / 1:28 under

Stormy week ends with US stocks at record highs

  Nasdaq 100 closes at new record as investors warm up to tech [...]

Posted on Friday, 23 Jul, 2021 / 9:25 under