Crude prices go down amid broader market selloff

Crude prices go down amid broader market selloff

On Friday, crude prices went down as part of a broad-based selloff across financial markets, and also notwithstanding signs that oil markets are confidently tightening.

Brent crude futures demonstrated an outcome of $51 sliding 3 cents from their previous close. The given benchmark is braced for a 2.2% dip this week, which would be the most impressive tumble by July 7.

In the US, West Texas Intermediate crude futures showed $47.06 a barrel, dipping 3 cents too. The benchmark is also set to dive for the week, losing 3.6%, which might be the greatest sag by July 7.

Crude traders told that the crude dips arose amid a selloff across many other financial markets, including Asian and American equities stocks, where market participants, voted with their feet amid ascending downbeat mood that Donald Trump, involved in controversy, would manage to achieve his economic agenda.

The sags emerged notwithstanding clues, especially in America that oil markets were inevitably tightening.

Similar

Gold declines on Fed remarks

On Wednesday, gold headed south and kept to a one-year minimum due to the fact the evergreen buck managed to strengthen on Fed Chair’s remarks, which backed views that the US major financial institution considers lifting its interest rates this year…

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera