For several days now, the oil market has been showing increased volatility in the range of $91-93 per barrel. The current price of Brent crude oil is $92.10 (yesterday's low of $91.40). North American WTI oil is trading near the level of $85.30 per barrel (yesterday's low is $84.30). Today, the oil market is on the rise against the background of a local weakening of the US dollar, which is getting cheaper due to increased investor appetite for risk. At the same time, concerns about a potential recession in the global economy limit the growth of oil prices. In addition, the downward pressure on oil prices continues to be exerted by concerns about the tightening of monetary policy of many major central banks of the world, aimed at curbing inflation. At the same time, China is expected to maintain a soft monetary policy to support the economy in the face of restrictions related to the coronavirus. The market dynamics is also affected by the decision of OPEC+ to reduce oil production. As you know, in early October, the organization agreed to reduce production quotas by 2 million barrels per day, starting in November.
RYCHLÉ ODKAZY
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.
Kontaktujte nás 
