- Analytics
- News and Tools
- Market News
- Oil is trading lower
Oil is trading lower
This morning, New York crude oil futures for WTI have fallen by 1.04% to $ 45.84 and Brent oil futures fell 0.80% to $ 47.26 per barrel. Thus, the black gold is traded in the red zone on a technical sales background, and because of caution on the eve of the OPEC ministerial meeting next week in Algeria. Lower prices also associated with an increase in oil supplies as the global volume of production exceeds consumption almost constantly since mid 2014.
OPEC may try again to signal the first agreement on curbing production since 2008, when members of the organization will gather in Algiers, but most traders believe that the agreement is unlikely to significantly help reduce the record production figures.
© 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
