- Analytics
- News and Tools
- Market News
Analytics, News, and Forecasts for CFD Markets: raw news — 31-03-2020.
FXStreet reports that strategists at TD Securities note that oil plunged to its lowest in some 18 years while President Trump will continue his dialog with Russia's Putin about the oil market.
“Demand projections continue to move lower, while Saudi Arabia shows no signs of reconsidering its supply increase in the next few days.”
“We suspect that for any deal to take place, Russia will likely ask for removal of all sanctions on Russian oil interests, and demand that the US must also cut production.”
“We will get a supply decline, one way or another. The oft-cited proposal, between the US, Russia and OPEC could see 4-5 million b/d worth of cuts, representing a 10% cut by these major producers. But, it remains unlikely that even a cut of that magnitude would do much in the short term, when demand is set to drop 15-20 million b/d in the next month or so.”
| Raw materials | Closed | Change, % |
|---|---|---|
| Brent | 23.41 | -4.99 |
| WTI | 18.33 | -5.12 |
| Silver | 14.01 | -2.98 |
| Gold | 1620.145 | -0.04 |
| Palladium | 2313.62 | 3.08 |
© 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
