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

 

Biden Unveils $1.9tn Aid Package

Jobless Numbers Spike The dollar had a choppy session on Thursday. However, it [...]

Posted on Friday, 15 Jan, 2021 / 12:58 under

Muted Moves In Metals Following Heavy Sell-Off

Gold Following the volatility last week as gold sold off in response to the [...]

Posted on Friday, 15 Jan, 2021 / 12:57 under

Biden’s $1.9 trillion stimulus plan sparks profit-taking

  Stock markets drift lower as Biden’s relief plan raises [...]

Posted on Friday, 15 Jan, 2021 / 10:06 under