- Analytics
- News and Tools
- Market News
- Oil: Brent Crude at new lows, WTI below USD60
Oil: Brent Crude at new lows, WTI below USD60
Brent crude and West Texas Intermediate are trading at new lows. Brent Crude lost -1.04% trading currently at USD63.02 a barrel slipped below the 63 dollar mark, its lowest since July 2009, and West Texas Intermediate declined -1.38% currently quoted at USD59.12 as the IEA cut its demand forecast for 2015. The IEA reduced its estimate for global oil demand growth in 2015 by 230,000 barrels a day. Oil's collapse into a bear market has been exacerbated as OPEC's three largest members offered the deepest discounts on exports to Asia in at least six years. The group decided against reducing its output quota at a meeting last month, letting prices drop to a level that may slow U.S. production that's surged to the highest level in more than three decades.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
