OIl on the Rise

The price of crude oil continues to increase in light of recent events.

Economic News
24 thg 10, 2017
OIl on the Rise

Oil prices have shifted upwards again. This was caused by OPEC’s success in reducing oil exports once more (in compliance with the members’ agreement to cut back on production). The conflict in Iraq has been instrumental in this, as it has prevented the country from exporting as much oil as it usually does. Furthermore, oil stocks in the United States also lowered.

In terms of pricing, the Brent crude is up at $57.47, while American crude oil is at $51.96.

Due to the issue of Kurdish independence, which affects both Iraq and Turkey, oil shipments from the region have been reduced. The United States have also had a much lower production in recent months due to interruptions and damages caused by the multiple hurricanes that hit the Americas at the end of the summer.

Oil prices were also boosted on the expectation that OPEC and other important oil-exporting countries that are not members of the organization such as Russia will extend their cuts well into 2018 in order to support the oil market.

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Market Review

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Market Review

The dollar moved away from its peak.

SuperForex
24 thg 10, 2017
Most Important Events This Week

Economic News

Most Important Events This Week

To prepare your trades for this week, pay attention to this kind of important news happening this week.

SuperForex
23 thg 10, 2017
Review of the Week

Economic News

Review of the Week

The American dollar has strengthened.

SuperForex
23 thg 10, 2017