Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Oil has reached the highest in three years


September, 24 2021
watermark Economic news

At morning trading on Friday, the price of oil reached its peak value since October 2018, rising to $77.73 per barrel. The oil market has been showing a rise for the fourth day in a row.


Prices are supported by the growing demand for fuel, data published earlier this week on the reduction of oil reserves in the United States, as well as the weakening of the dollar. According to the Ministry of Energy, raw materials stocks in the United States decreased by almost 3.5 million, which was better than analysts' expectations.


The situation with the recovery of production in the Gulf of Mexico after Hurricane Ida also affects the dynamics of trading. At the moment, about 16% of the oil production capacities in the region have not been restored.


An additional factor in the price increase is the shortage of natural gas supplies, in particular in Europe, which may affect the energy complex as a whole in the winter period. And this may lead to the fact that the price of Brent will rise to the level of $90 per barrel.


コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.