Saudi Arabia cut the price of oil to Asian customers to a 4 months low

Market news

7 December 2016

Saudi Arabia cut the price of oil to Asian customers to a 4 months low

This morning it was announced that the oil giant Saudi Arabia has decided to reduce the price of January contracts of its oil at $ 1.20 a barrel to its lowest level in four months. Therefore, the company is taking steps to preserve its market share. Recall that the December Aramco contracts were $ 0.75 per barrel.

WSE: After opening

Positive start of trading expected on the major stock exchanges in Europe: DAX + 0.3%, CAC40 + 0.2%, FTSE + 0.3%

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.