empty
 
 
Economic Slowdown in Japan Affects Oil Futures
loader

Poor statistics from Japan prevents growth of oil prices on global markets.


According to the report released on Wednesday, exports in Japan lost 8.1% against forecasted 2.9% slump. Exports to Europe contracted by 25.1% on annual basis. It was the most noticeable fall since 2009.


Along with this, Iranian issue pushes the prices higher. In a short term the market may be deprived of Iranian oil because Tanzania and Tuvalu announced that they are going to de-register Teheran ships.


Such decision can greatly affect exports of Iranian oil by limiting supply to Asian consumers.


For this reason Brent oil quotes together with supply in September grew up to 114.65 dollars per barrel on Wednesday.  The futures contract value of WTI oil rose up to 97 dollars per barrel.

Calendar and reviews
Editor's choice
Ridge of skyscrapers which have changed the horizon line forever and multilevel highways - all this is Dubai, administrative and commercial center of the United Arab Emirates. In this multicultural metropolis the aspiration to permanent modernization and high technology desire coexist peacefully with religiosity and traditional way of life. InstaForex Company venerates traditions as well. Special for Islam adherents there were established swap free accounts.
Furthermore, Dubai is the world's biggest gold trade center. The famous golden bazaar numbers over 1000 gold stores. Jewelry is tax free, so gold purchase is a very beneficial cash injection. The "Golden city" with its centuries-long history is a financial hub of universal importance and a place for high-grade business appointments.
Victoria Azarenka, Belarusian tennis player, official face of InstaForex, shares her professional secrets (Minsk)
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.
Widget callback