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Business / Finance

Oil prices fall amid a possible increase in supply from Saudi Arabia

Forex Club 07.05.2019 at 15:26

World oil prices decline on Tuesday and fall below $ 70 per barrel of Brent crude due to the possible increase of fuel supply from Saudi Arabia to Asia.

the Futures on WTI fell to 61 per dollar, which, nevertheless, gives a good opportunity to earn on the stock, as did trader Forex Club, that the day could receive more than 13 thousand dollars.

On the market has information that Saudi Aramco will sell to customers in Asia additional volumes of oil loading in June. In addition, a negative factor for oil prices remains uncertain about prospects for trade relations between the US and China.

the dollar against the Euro on the world currency market on Tuesday weakly fluctuates at a mark of 1.12 in anticipation of a new round of U.S.-China trade negotiations, to be held on 8 may. However, if before market participants were completely sure of its positive outcome, later statements by us President Donald trump about a possible increase in import duties on Chinese goods from 10% to 25% significantly clouded the picture.

gold, oil, dollar, usd\eur, Forex club Displayed author: vadim.kovalenko