- Analytics
- News and Tools
- Market News
- Oil correcting after strong growth
Oil correcting after strong growth
This morning, New York crude oil futures for WTI fell by -0.04% to $ 48.20 and Brent oil futures were down -0.47% to $ 50.65 per barrel. Thus, the black gold has slightly decreased in value, correcting the recent rise amid expectations of the largest manufacturers to restore the balance of supply and demand. At the OPEC president saidi last week that the cartel plans to hold an informal meeting on the sidelines of the International Energy Forum in September. Later, Saudi Arabia and Russia have also expressed their willingness to participate in a coordinated action to support the market. At the same time, some traders are skeptical of the success of this meeting, in particular, the possibility of freezing the cartel's production.
© 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
