Market updates and forecasts

从ForexMart获得最新经济新闻,包括金融市场,中央银行政策宣告,财务指标,和影响这个银行的其他相关新闻的更新.

免责声明:   ForexMart不提供投资建议,所提供的分析不应被解释为对未来结果的承诺。

On Wednesday oil began to move away from November highs


九月, 20 2023
watermark Economic news

By Wednesday, the price of oil had rolled back from the area of local highs amid uncertainty about the future course of monetary policy of the US Federal Reserve System. Investors are closely monitoring changes in interest rates, as they may affect economic performance and energy demand.


Today, during the day, the price of Brent declined to $92.77 per barrel after rising to $95.50 last week (the maximum since November 2022). The current quote of the asset is $94.17 per barrel. 


North American WTI oil shows a similar dynamics: in the morning it declined to $88.97 after rising to highs near $92.30 per barrel. The current WTI quote is $90.38. 


The decline in prices from the November highs could also cause the news that offshore oil supplies from Russia reached a three-month high, contrary to the promises of the Russian authorities.


However, in general, a bullish trend remains in the market: oil prices in the world are supported by a deficit caused by the efforts of OPEC+ countries. Already this year, the deficit may amount to 2 million barrels/day. Industry experts and oil company executives suggest that oil prices may soon reach $100 per barrel.


One of the reasons for such forecasts is the reduction of supply on the world market due to the actions of Russia and Saudi Arabia. China's economic recovery has an additional impact. It should be noted that American shale oil producers do not seek to increase drilling, but production at existing fields is growing at the same time – due to their more efficient use.


反馈

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
风险提示:
外汇本质上有高度的投机性和复杂性,可能并不适合所有投资者。 外汇交易可能会带来重大的收益或损失。 因此,建议您不要承担无法承受的损失。 在使用ForexMart提供的服务之前,请确认外汇交易相关联的风险。 必要时寻求独立的财务意见。请注意,过去的业绩和预测都不是未来结果的可靠指标。
外汇本质上有高度的投机性和复杂性,可能并不适合所有投资者。 外汇交易可能会带来重大的收益或损失。 因此,建议您不要承担无法承受的损失。 在使用ForexMart提供的服务之前,请确认外汇交易相关联的风险。 必要时寻求独立的财务意见。请注意,过去的业绩和预测都不是未来结果的可靠指标。