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Business / Finance

Overview: oil is based on Japanese obedience, the Euro pushed up from $1,12

Forex Club 29.03.2019 at 15:19

The Price of oil (June futures Brent) on Friday, 29 March to 17.41 GMT increased relative to the previous close of 0.5% to 67,45 USD per barrel.

the Market of "black gold" receives support from news OPEC agreement+ about production cuts. Thus, Russian energy Minister Alexander Novak said that Russia may at the end of March to go to a specified transaction, the daily average volume reduction of oil production, 228 thousand barrels per day compared to October 2018 from 1.2 million attributable to all OPEC+.

Add support to oil quotations and data tracking ships Refinitiv Eikon that the Japanese oil refineries stopped buying Iranian oil in anticipation of the expiration of the temporary exclusion of the country from U.S. sanctions. For the six months exemption from sanctions on Japan at 33 percent decreased transportation of Iranian oil to 86,43 thousands of barrels per day to the levels of January-September of last year (in appropriate time before the imposition of U.S. sanctions against Iran).

the pair Euro dollar is trying to be adjusted and fixed above the support level of 1.12.

the support of the European currency provided the macroeconomic data.

In particular, the unemployment rate in Germany in March fell to 4.9% from February's 5%, which coincided with forecasts of analysts. The number of unemployed in Germany in March fell by 7 thousand to 2,231 million compared to the level of February.

In summary, by 1740 GMT, the Euro had risen since the start of trading on the last fixing by 0.1% to 1,1250 dollar.

Market, USA, dollar, oil, ruble, Forex club

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