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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

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Oil Ends Up Near $52 BPD as Investors Monitor Return of Libyan Crude

December, 20 2016
watermark Economic news

Oil prices ended up at nearly $52 barrels per day after investors shifted their focus to the possibility of Libyan crude oil supply returning as well as output cut returns in January following the recent agreement between OPEC and non-OPEC oil producers to cut back on oil production. The market is now expecting major cutbacks from major oil suppliers starting next year, with Saudi Arabia said to be planning to cutback smaller crude oil volumes being sold to Asia as compared to other regions.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.