Analytical Reviews

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

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.

Oil started to grow after a sharp drop the day before


January, 05 2023
watermark Economic news

Oil prices accelerated their growth during Thursday's trading, continuing to strengthen after a significant drop during the previous two sessions. 


The current quotation of Brent crude oil is $79.70 per barrel (daily low of $77.84). However, two days ago the price was at the level of $86.50 per barrel.


The price of futures for North American WTI crude oil for February increased to $74.76 per barrel (daily low of $72.80).


Oil prices have fallen by about 9% over the past two sessions amid an increase in the incidence of COVID-19 in China, clouding the prospects for oil demand in this country. Fears of a recession in the global economy are putting additional pressure on prices.


It is worth noting that fears of a shortage of energy resources on the world market in winter, which have supported prices in recent months, are weakening. The fact is that winter in the United States and Europe turned out to be much milder and warmer than expected.


Today, the focus of traders' attention is a report on energy reserves in the United States from the Ministry of Energy of the country. Data from the American Petroleum Institute (API), published yesterday, showed an increase in reserves in the States by 3.3 million barrels.


コメントする

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.