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Oil ends the week in positive territory with an eye on China and the USA


December, 27 2024

Oil prices rose moderately on Friday, ending the week with positive dynamics due to expectations of stimulating measures for the Chinese economy, the world's largest oil importer. Additional support for the market was provided by data on a decrease in oil reserves in the United States. According to estimates by the American Petroleum Institute, inventories decreased by 3.2 million barrels, exceeding the forecast of analysts who expected a decrease of 1.9 million barrels.Brent crude futures ... Read More

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.