Online Forex broker
On Wednesday, crude was steady, not far off mid-2015 maximums hit the previous session because firm demand along with ongoing efforts led by OPEC and Russia to diminish output tightened the oil market.
American West Texas Intermediate crude futures showed $60.40 a barrel, gaining 3 cents from their previous settlement, which is not far off the $60.74 June 2015 maximum hit the previous day.
As for Brent crude futures, they reached $66.55 a barrel, sliding 2 cents, which is not far off the $67.29 May 2015 peak from yesterday.
Notwithstanding this, there were signs that in the last days of 2017 markets had overshot because American output is set to edge up further and also doubts are emerging as for whether demand surge is able to continue at current levels or not.
American output has edged up by nearly 16% since mid-2016, reaching 9.75 million bpd at the end of 2017.
Meanwhile, for the whole of 2017, Russian crude output rallied to 10.98 million bpd versus 10.96 million bpd in 2016 and also 10.72 million bpd in 2015.
On Wednesday, gold managed to leap reaching the best levels of the trading session because data disclosed that American consumer price surge speeded down in November…
On Friday, gold headed south…
On Tuesday, the yellow metal managed to surge in Asia…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
