empty
 
 
Oil Market Review
loader

Bearish sentiment on the market has been sending the oil price down to one-year low.


The cost of WTI crude oil has been tumbling down. On Tuesday, the price of a WTI barrel fell sharply to 95 US dollars and 60 cent.


And this drifting was not fuelled by a growing American currency alone.


The oil market was also influenced by the announcement of oil minister in Saudi Arabia - Ali Naimi - that �oil prices are still too high�. Saudi Arabia is planning to boost oil output further to bring the price of �black gold� lower.


The price of Brent crude oil dwindled by 2.5 US dollars to the level of 110 US dollars and 60 cent per barrel. The downside risks to the oil price are balanced by news on Iranian oil embargo.


Yesterday, shortly after the US Secretary of State Hilary Clinton paid a visit to Delhi, the Indian government declared an intention to cut imports of Iranian oil by 20%. It should be noted that India is the third largest oil importer in Asia, so the decision does not look for Iran, as it implies tangible losses.


The authorities of Iran have not provided any comments yet, anticipating another round of negotiations in Vienna on May 13-14.

Calendario y reseñas
Elección del editor
Everyday life of a rally team is a caravan of competitions and preparations for them. A competition has finished - here comes the time to analyze tactical mistakes and work hard to improve truck performance. This video will show you daily routine of InstaForex Loprais Team and its pilot Ales Loprais whose lifestyle is rallies.
Elena Avramova, Partner Relations Manager at International Association of Forex Traders: "Selection criteria for partners and prospects of cooperation with InstaForex" (ShowFx World Exhibition in Moscow)
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $4000 más!
    ¡En Julio, sorteamos $4000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback