WTI jumps toward $81.00; Saudi Arabia to extend voluntary production cut

Noticias del mercado

3 agosto 2023

WTI jumps toward $81.00; Saudi Arabia to extend voluntary production cut

Saudi Arabia announced that it will extend its voluntary production cut through September.
Crude oil prices rebounded and turned positive following the announcement.
WTI rose towards $81.00, gaining more than 1%.

Crude oil prices rebounded from their weekly lows after Saudi Arabia announced that it will extend the voluntary cut of one million barrels per day for another month. The Ministry of Energy informed that it could be extended or extended and deepened.

Market reaction:

Following the announcement, the West Texas Intermediate (WTI) crude oil price per barrel surged from $79.00 to $80.85 and was trading around $80.50, indicating a gain of roughly 1.75% for the day. This rebound occurred after a sharp decline on Tuesday.

WTI to approach the $90 mark in the latter part of the year – TDS

EUR/USD: Macro backdrop remains Euro-positive – HSBC

Enfoque del mercado

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

Abrir cuenta demo y página personal

Área personal

support@teletradepartners.com

Aviso de riesgo: El hecho de realizar operaciones comerciales en los mercados financieros con instrumentos financieros de margen abre grandes oportunidades y permite a los inversores que estén dispuestos a correr riesgos a obtener altos rendimientos, pero al mismo tiempo conlleva un nivel de riesgo de pérdidas potencialmente alto. Por lo tanto, antes de comenzar a operar, se debe tomar de manera responsable a la cuestión de elegir una estrategia de inversión correspondiente, teniendo en cuenta los recursos disponibles.

Política de privacidad