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Business / Finance

An analyst from the company ForexMart (Forexport)

MQL5: Blogs Traders 05.02.2019 at 14:50

Blogs traders and analyst of financial markets

Brent. 05.02. Oil resumed its growth to $63 per barrel

Yesterday oil quotes showed a correction to the $61,66 per barrel after rising to $63,55. Today Brent crude resumed its rise amid increased concerns that U.S. sanctions against Venezuela may limit the supply of the commodity in the market. Oil production in Venezuela has continued to fall: by the end of 2018, the production dropped to the lowest in 69 years (1.4 million barrels).

Today, we should pay attention to data from the American petroleum Institute (API) about change of stocks of oil and oil products. During the day, expect price growth to $63 per barrel.

EUR/USD. 05.02. The dollar increases slightly in anticipation of the evening data