Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

19.07.2019: Oil and RUB unaffected by Gulf tensions (Brent, RUB, USD)

Aufrufe: 24
On Thursday, negative sentient worsened in the oil market that pushed oil prices down. What events dented investors’ confidence and what impact did they make on commodity currencies, the Russian ruble in particular? Let’s find out from our video on InstaForex TV channel.
The main reason behind a sharp decline in oil prices is a downgraded forecast of global demand for crude oil. Earlier, the concerns about troubles in the global economy triggered sell-offs in the oil market. Indeed, under conditions of oil production cuts according to the OPEC pact, waning demand will deflate oil prices considerably. Apart from a revised forecast, no other news was released.
The International Energy Agency reduced its forecast of oil demand for 2019 to 1.1 million barrels per day from 1.5 million barrels projected at the start of the year. Thus, the forecast was slashed by 26%. Moreover, experts warned that forecasts could be downgraded later.
Yesterday’s drop of oil prices is viewed as revision of market conditions by some large market players. A day earlier, speculators closed long positions in oil options. The most of such orders were closed during the North American trade when oil prices slumped instantly below 61.5 US dollars a barrel. On Friday morning, crude oil rebounded with a 2% rise.
The oil market found support from political tensions between Washington and Tehran in the Persian Gulf. Yesterday, the US Navy shot down an Iranian drone in the Strait of Hormuz. However, Iran stated that it lacks details of the missing drone.
Analysts expect a further revival of oil prices because a losing steak in the previous days was caused by short-term factors.
Since early morning, WTI climbed over 56 US dollars a barrel.
Later today, Baker Hughes is due to report on drilling activity in the US last week. The oil rig count could reveal new contraction.
On Friday morning, the ruble is trading steadily as support from rising oil prices offsets an advance in the US dollar. The dollar/ruble pair is trading sideways in the range of 62.80 to 63.00.
Back to Forex. The US currency is struggling to develop a rally following sell-offs on Thursday. The greenback tumbled following dovish remarks from New York Fed President John Williams.
Follow developments in financial markets on InstaForex TV channel! Stay tuned!

FX Analytics -
Forex Calendar -
Forex TV from InstaForex -

Forex charts -
Instant account opening -
Forex Trading Contests -

List of official InstaForex blogs:

#commodity_market #oil #instaforex_tv
← Zurück zur Liste

Market TV Review

Market TV Review

InstaForex TV Interview

InstaForex TV Interview

InstaForex TV Events

InstaForex TV Events

InstaForex TV Calendar

InstaForex TV Calendar