Oil Prices Update

The price of oil reached 2-year highs last week, but now prices are consolidating.

Economic News
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Oil Prices Update

The price of crude oil managed to reach new highs beyond the important psychological level of $60 per barrel and was moving near its highest point for the past two years. However, now that movement has stopped.

This time the disruptions to price growth come from various sources. On the one hand, the United States has demonstrated a readiness to increase its exports, only again flooding the market. Furthermore, Iraq is also upping their oil exports in an attempt to make up for the decreased exports that happened over the last two weeks due to a Kurdish conflict there. That event actually boosted oil prices significantly, and now its countermeasure is driving prices down.

Even though growth has paused, prices seem to have consolidated near the good levels achieved last week. Currently the Brent crude is trading around $60.80, while the American light crude is at $54.05.

SuperForex
Will the Euro Recoup Its Lost Ground?

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Will the Euro Recoup Its Lost Ground?

The situation on the market is trying to stabilize.

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The Dollar Has Stalled

Economic News

The Dollar Has Stalled

The upward movement of the USD against major currencies has stopped as we wait to find out who will head the Fed next.

SuperForex
۰۸ آبان ۱۳۹۶
Euro Under Pressure

Economic News

Euro Under Pressure

The euro is trying to move away from three-month lows.

SuperForex
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