Crude Oil has increased 11.97 USD/Barrel, or 25.72% since the beginning of 2019, according to the negotiation of a contract for difference (CFD) accompanying the reference market for this commodity.
Historically, oil reached a record high of 147.27 in July 2008 and a record low of 9.75 in April 1986. Brent follows an uptrend, valuing approximately 8% this week, quoting 65 USD/Barrel.
But the current context is highly worrying not only for the price stability of this raw material but also for world economic stability.
Iran said that any Saudi attack, the US would lead to a "total war". The threat of war in the Middle East is driving up oil prices, again, limiting one of the most dramatic weeks ever for oil, in which 5% of the world's supply has been cut by attacks on Saudi production facilities.
Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.
© 2000-2021. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
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 firstname.lastname@example.org.