WTI oil price is following an ascending curve. However, there are reasons for the consolidation. What are they?
Tag - oil
The stock price of the Saudi oil company has stabilized at $31 per share, just as WTI has done the same at $25. How long will that last?
Main movements on the market: risk-off mood strengthened USD, AUD dropped on China’s imports’ ban and Saudi Arabia cut oil production.
NFP, China-US trade and other factors
Oil is trading higher for the second week. For how long?
NFP will be released at 15.30 MT time. What is the forecast?
The main focus is on the UK as the Bank of England made an announcement this morning. Let’s see what’s happening with the British pound and what else moves the market today.
WTI is at $23 per barrel. All problems got resolved suddenly?
Watch the video to find out how to trade the USD!
Oil is the subject of heated debates these days as nobody really knows what to do with the “humiliated” asset.
The risk sentiment remains positive, but for how long?
These days we’ve got a quite busy market and a really interesting environment. Events below will add more market volatility!