Financial Market News

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

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Latest Economic News

Why is oil declining?

May, 02 2024

This week, the price of Brent crude oil has significantly decreased, falling by more than 4%. The current quote of the asset is $83.40 per barrel. North American WTI crude oil fell to the area of $78.80. The price reduction is due to several reasons at once. First, there is the lack of significant news from the Middle East. Although this is only a temporary lull, and the appearance of information that Israel will launch an operation in Rafah may disrupt this calm. Prime Minister Benjamin Ne... Read More

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