Analyses et prévisions de marché

Recevez les dernières nouvelles économiques de ForexMart, y compris les mises à jour des marchés financiers, les actions de la Banque centrale, les performances financières et d'autres nouvelles pertinentes qui pourraient avoir un impact sur l'industrie.

Déni de responsabilité:  ForexMart ne donne pas de conseils d'investissement. Les analyses fournies ne peuvent pas être interprétées comme une promesse de résultats futurs.

Brent crude oil dropped to 5-month lows


Décembre, 13 2023
watermark Economic news

Oil prices continue to decline under pressure from concerns about weakening energy demand and amid signs of increased oil production in non-OPEC+ countries.


The current price of Brent is $72.92 per barrel, the daily low was fixed at $72.31 per barrel. North American WTI crude oil fell to a low of $67.72 per barrel. 


The market reacted negatively to the US inflation data for November, published the day before. Inflation in the United States slowed to 3.1% year-on-year last month from 3.2% a month earlier, while core inflation, which does not take into account the cost of food and energy, remained at 4%.


Analysts note that the stability of core inflation reduces the likelihood of a rate cut by the US Federal Reserve in the first quarter of 2024. Which, in turn, once again raises the question of the possibility of a recession in the US economy due to the restrictive policy of the central bank. 


An additional negative impact on the market was caused by a less optimistic forecast for oil prices: the US Energy Information Administration (EIA) lowered its forecast for Brent prices for 2024 by $10 per barrel, to $83 per barrel, indicating lower expectations for oil prices in the future.


In addition, data from the American Petroleum Institute (API) on oil reserves in the United States indicate an excessive increase in gasoline reserves, which may indicate a slowdown in fuel consumption in the United States. It is important to note that the high level of oil production in the United States, despite the reduction in the number of drilling rigs, also puts pressure on oil prices on world markets.


Laissez un commentaire

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 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.