https://www.forex-news.com/
Forex-News has been the world leading economy news website since 2005. It has been a joyful path full of changing variables in this changing world. During the last three years we have also covered some of the most important news regarding Bitcoin and other cryptocurrencies. Wherever the news are, we are there.
Bitcoin
$12,769.44
+637.58
Ethereum
$393.07
+21.06
Litecoin
$54.61
+7.08
DigitalCash
$74.93
+3.14
Monero
$120.05
+0.95
Nxt
$0.01
-0
Ethereum Classic
$5.67
+0.23
Dogecoin
$0.00
0

Oil prices rise with stock markets | message

7


NEW YORK / LONDON (dpa-AFX) – The oil prices recovered significantly from their recent loss series on Wednesday. The much better stock market sentiment carried over to many commodity markets. A barrel (159 liters) of the North Sea Brent cost $ 41.14 in the evening. That was $ 1.36 more than the previous day. The price of a barrel of the US West Texas Intermediate (WTI) rose by $ 1.62 to $ 38.38. In early trading, prices had still fallen.

advertising

l, gold, trade all commodities with leverage (up to 30)

Trade commodities with high leverage and small spreads. You can start trading with as little as 100.00 to benefit from the effect of 3,000 euros in capital!

76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Traders cited the improved mood in the stock markets as the main reason for the oil price recovery. One of the deciding factors was that the sell-off of US technology stocks did not continue at first. On the previous days, the sell-off had weighed heavily on general market sentiment. Rohl is a riskier asset class that often moves in tandem with stock prices.

Nevertheless, experts remain skeptical about the oil market. The raw materials experts at Commerzbank name, among other things, the unclear economic outlook due to the Corona crisis, which weighed on the expected demand for crude oil. Added to this is the stronger US dollar, which is pushing demand outside the dollar area.

There is also danger from the supply side if the Opec + oil network does not react to the price weakness. At the beginning of August, the association had increased its funding a little because it had assumed that there would be greater demand. However, Commerzbank increasingly sees the risk that the subsidy cuts agreed in the corona pandemic will no longer have to be adhered to ./bgf/fba



Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More