
Yields creep up ahead of Powell; stocks slip, dollar firms
Fragile risk sentiment as yields rise again, sending shares on [...]
Our outlook for oil remains negative
The price of Light Sweet crude oil shows a positive dynamics on the news of the reduction in US production to 8.8 million barrels per day. In addition, US crude oil inventories last week fell by 3.4 million barrels, against an expected rise of 0.1 million barrels. At the same time, supply disruptions from Nigeria and Libya also support the price of oil. On the other hand, Iran, Saudi Arabia and Russia continue to increase the amount of production that offsets the reduction in US production. We expect the resumption of the negative dynamics of oil prices in the near future, with the potential return of price to the level of 40 dollars per barrel.
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Thursday, 12 May, 2016 / 9:29
Yields creep up ahead of Powell; stocks slip, dollar firms
Fragile risk sentiment as yields rise again, sending shares on [...]
Oil higher ahead of OPEC+ meeting – US OIL Market Outlook – 04/03/2021
WTI Crude oil hit our long resistance targets, printing a high a tat below $62 [...]
Gold struggling to find support – GOLD Market Outlook – 04/03/2021
Weaker than expected ADP employment change had little effect on gold yesterday [...]