• Oil is trading higher

Market news

27 January 2017

Oil is trading higher

This morning, the New York futures for Brent fell 0.25% to $ 56.1 and WTI fell 0.07% to $ 53.74. Thus, the black gold prices little changed after the rapid growth in the past couple of sessions. Doubts about the effectiveness of market participants to reduce the oversupply not in focus anymore. According to the Ministry of Energy US analysts, the price of black gold will remain below $ 60 a barrel before the end of 2018.

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
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.