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Overview: oil highs above $68, € marking of about $1.13

Forex Club 14.03.2019 at 12:48

The Price of oil (may futures Brent) on Thursday 14 March to 15.22 MSK increased by 0.4% to 67,83 per barrel.

the Market of "black gold" after updating the highest since November last year (above $ 68 per barrel) fell back slightly and stabilized.

Support oil quotations comes from concerns about the decline in supply of Iranian and Venezuelan oil on the world market because of U.S. sanctions against those countries. Thus, the United States since may intend to seek from countries that have received exceptions to the oil sanctions against Iran, a reduction of the overall Iranian oil exports below 1 million barrels per day.

meanwhile, the willingness of Saudi Arabia to the extension for the second half of the agreement OPEC+ reduction of oil production are also positive for oil prices.

the pair Euro dollar on Thursday corrected down and is testing a round support level of 1.13.

Some pressure data on inflation in Germany: in February it amounted to 1.5% yoy and 0.4% on a monthly basis. The experts expected, respectively and 1.6% and 0.5%.

Low inflation is an indicator of low growth of the economy.

On this background it is quite natural looks, the deterioration of the forecast of the German IFO Institute for economic research on growth rates of Germany's GDP in 2019, up 0.6% against a previous of 1.1%. The growth in 2018 is 1.4%.

On this background to 15.21 GMT, the Euro was down 0.2% from the start of trading on the last fixing and was seen at 1.1304 USD.

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