
The oil price looks optimistic. What are the reasons?
Crude oil inventories – 17:30 MT (14:30 GMT)
According to yesterday’s news OPEC is considering further production cuts. The next meeting of oil-producing countries is scheduled for December 5-6. The announcement pushed the oil prices up. The move to the downside came after the release of private oil data. According to it, the number of barrels advanced by 4.45 million (vs. the 2.75 million expected). Today, we will be awaiting the publication of crude oil inventories by the EIA at 17:30 MT. According to forecasts, the number of barrels is expected to increase by 2.5 million. In case of lower figures, the oil prices will go up.
Notice, that you need to choose BRN- and WTI- futures to trade oil in Metatrader 4.
The oil price looks optimistic. What are the reasons?
Big news shake financial markets more and more often. This time oil is once again the news maker.
The price of WTI oil collapsed even more, it trades at $14.80; why?
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.