- Analytics
- News and Tools
- Market News
- Oil prices rebounded
Oil prices rebounded
West Texas Intermediate futures for February delivery climbed to $36.15 (+0.95%), while Brent crude advanced to $36.64 (+0.80%) on speculation that cold weather will support prices as many countries entered the peak-demand heating season. However many regions see a relatively mild winter and ample supplies continue weighing on markets. According to BNP Paribas the number of heating days in the U.S. and Europe had been 30% and 39% below the 10-year average since December 7, respectively.
Fundamentals driven by the supply glut remain unfavorable. That's why many analysts say these gains will not be sustained.
© 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
