Oil Continues to Rise

Lower supply from Venezuela and the United States is leading to price increases.

Economic News
25 lug 2018
Oil Continues to Rise

Oil continues to move upwards in price today. It started growing this week as opposing factors worked to balance each other. On the one hand, there is lowering demand from China and several other countries as the trade war and tariffs on various materials are taking a toll on businesses. On the other hand, there is also growing supply from OPEC, Russia, and the United States.

That was yesterday’s situation which led to a steady price; however, today the United States surprised the markets with lower reserve statistics. Moreover, Venezuela’s crisis is exacerbating, as reported by the IMF, which is further limiting supply.

The Brent crude rose to $74.01, while the WTI reached $68.79.

SuperForex
Tariffs Lead to a Slowdown in the Markets

Economic News

Tariffs Lead to a Slowdown in the Markets

SuperForex
25 lug 2018
Oil Balanced Today

Economic News

Oil Balanced Today

Opposing factors worked against one another to balance the oil market.

SuperForex
24 lug 2018
News Overview

Economic News

News Overview

SuperForex
24 lug 2018