Trading news

Expert's opinion from FXFinPro

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.

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

 

Thursday, 12 May, 2016 / 9:29

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

Source :

Trading news

 

Equities Turn Slightly Weaker Near The Top

Equity markets were seen trading rather flat for the third consecutive day. [...]

Posted on Friday, 24 Jan, 2020 / 2:48 under

Euro slips after ECB; stocks stage another comeback

  Euro/dollar breaks lower as ECB is a touch more dovish than [...]

Posted on Friday, 24 Jan, 2020 / 10:18 under

Coronavirus Stays in Spotlight; EUR Slides on ECB, EZ and UK PMIs in Focus

Most major EU indices traded in the red for another day, and while the US ones [...]

Posted on Friday, 24 Jan, 2020 / 8:47 under