- Analytics
- News and Tools
- Market News
- Oil prices fell further
Oil prices fell further
West Texas Intermediate futures for October delivery plunged to $39.14 (-3.24%), while Brent crude fell to $44.29 (-2.57%) as investors took China's slowing economy for a sign of weaker demand amid ongoing oversupply. However data suggest that China's demand remains firm: the country's crude-oil imports rose 1.7 million barrels a day in July from a year earlier to 7.4 million barrels a day.
Iran's Oil Minister Bijan Zanganeh said that his country intends to raise oil output. Meanwhile the number of active drilling rigs in the U.S. rose in seven weeks out of eight and it currently stands at 674.
© 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
