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Overview: oil is fixed at the highs for the month after the change of the energy Minister of Saudi Arabia

Forex Club 09.09.2019 at 14:51

The Price of oil (November futures on Brent) on Monday 9 September to 17.22 Moscow time have risen relative to the level of the previous closing 1.2 percent to 62.26 per barrel.

the Market of "black gold" is growing and highs since early August, amid expectations of his players that a change of energy Minister of Saudi Arabia will not change its course on the maintenance of oil prices at a reasonable level.

the Son of Saudi king, Prince Abdulaziz bin Salman al Saud - was replaced by Khalid al-falikha as a Minister and has already managed to declare that in the oil market at the moment, recession and actual slowing demand, but there is only speculation on this subject. The new Minister also said that Saudi Arabia will work to stabilize the oil market.

the Continuing growth of the oil market maintains a bullish strategy and allowed one of the traders Forex Club earn in a day more than 16 thousand dollars in long positions in futures on the mark Brent.

meanwhile, the us oil service company Baker Hughes, a GE Company (BHGE) estimated that the number of active oil and gas rigs worldwide fell in August in monthly terms by 32 pieces to 2206.

the United States has lowered the indicator 29 to 926 units, Canada raised to 21 items to 142 units. In Europe, the index decreased by 7 units to 193 units in the middle East - 8 units to 416 units in the Asia-Pacific region (APR) indicator decreased by 6 units up to 220 units in Africa grew by 4 to 115 pieces, in Latin America, the index decreased by 7 units to 194 units.

the Minister of oil of Iraq Tamir of Ghadban said that in October, his country is likely to begin reducing oil production under OPEC agreements+ reached in October 2018. Iraq will produce 4,513 million barrels per day, which is on 150 thousand barrels below the level of October-2018.

the Euro vs dollar continues to rise, holding above $ 1.1 dollar. Support for the Euro comes from expectations that the British Queen will sign the approved Parliament bill that will not allow the Prime Minister to Boris Johnson, Brexit hard to achieve without agreement with the EU.

In summary, to 17.21 GMT the Euro exchange rate increased from the start of trading on the last fixing by 0.3% to 1,1058 dollar.

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

Not found economic events 2019-09-09 for 2019-09-09

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