- Analytics
- News and Tools
- Market News
- Oil retreated
Oil retreated
West Texas Intermediate futures for April delivery fell to $32.79 (-1.80%), while Brent crude dropped to $34.12 (-1.64%) as market participants assessed a generally bearish report from the International Energy Agency. The agency estimates that U.S. oil output will decline by 600,000 barrels per day by the end of 2016. Nevertheless oil prices are unlikely to sustain gains as the supply glut will persist in the near-term future. Analysts believe that it will take more time to stabilize the market.
© 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
