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Business / Finance

Oil prices again decrease in the trading concerns

Forex Club 08.05.2019 at 13:12

World oil prices after some attempts to grow up a bit, returned to downward movement, dropping on Wednesday below $ 70 per barrel Brent. It comes amid fears of market participants that they have concerns about the future prospects of development of trade relations between China and the United States. With high anxiety were perceived statements by the President of the United States Donald trump that the United States can increase up to 25% import duties on some Chinese goods. Moreover, it can happen at the end of this week - on the night of Friday.

however, market participants also drew attention to data from the American petroleum Institute (API), according to which oil reserves in the U.S. last week rose by 2.8 million barrels, which is significantly less than the week before.

Despite the renewed drop in oil prices, they remain quite interesting trading tool. For example, a trader Forex Club is able to earn on price changes of the futures on Brent crude by more than 40 thousand dollars per day.

the Euro against the dollar rose on Wednesday rising to the level of 1,1195 of the dollar due to positive investors ' reactions to the statistics on the German economy - industrial production in the country in March rose 0.5%, while the market was waiting for declining by 0.5%.

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

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