Analytical Reviews

Bekommen Sie die neuesten wirtschaftlichen Nachrichten von ForexMart, einschließlich Updates aus Finanzmarkt, Zentralbankpolitiksankündigungen, finanzielle Indikatoren und andere relevante Nachrichten, die die Branche beeinflussen können.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Brent reached $120 for the first time in two months


May, 30 2022
watermark Economic news

Oil prices at the beginning of the week reached a two-month high in the area above $ 120 per barrel. 


Prices were supported by the easing of quarantine restrictions in China. It became known that in Shanghai, the key commercial center of the country, the work of all manufacturers will resume from June 1. In addition, officials said that the coronavirus outbreak in Beijing is under control.


Additional support for prices is provided by the work of the European Union on a plan to ban the import of Russian oil. A regular meeting of the leaders of the bloc countries took place yesterday, but it was still not possible to reach an agreement, since Hungary still refuses to support a compromise. This country wants compensation from Brussels for losses related to the refusal to purchase Russian oil, since 85% of all gas consumed in Hungary and 65% of oil are supplied from Russia.


On Monday, negotiations continued at the Council of the European Union, which will be held for 2 days, May 30-31. It is worth noting that the President of the European Commission, Ursula von der Leyen, said that she does not have high hopes that the EU countries will be able to resolve differences and agree on the sixth package of sanctions against Russia.


Brent crude has been growing for almost a whole month, and this could be the longest growth of the asset in more than a decade. At the same time, some analysts believe that the price of Brent may soon reach $124 per barrel.


hinterlassen

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
Risk Warning:
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.
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.