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

24.05.2019: Oil falls to its 2-months low, RUB remains firm (Brent, RUB, USD)

loader
10 views
Oil nosedived yesterday as the US-China trade conflict had been actively discussed in mass media. Thus, a combination of tensed news background and technical factor was probably a reason for this collapse.
Tough statements from Beijing were the first push to decline, tripping stop loss orders placed by traders below $70 per barrel. As a result, Brent crude futures dipped to $67 per barrel. Today the quote has been moving upwards since morning. However, analysts say that the current week is the worst in 2019 for oil.
Technically, the Brent benchmark is likely to recover to $69 quite promptly. As for the mid-term outlook, these tensions may provide support for oil as OPEC+ countries can keep their production quotas unchanged due to the revaluation of risks in order to balance the market. However, oil prices may stay under pressure in the short term. The news about an increase in the US oil stockpiles affects the market as well. The report from Baker Hughes regarding drilling activity in the United States is due tonight.
Otherwise, from a fundamental point of view, the sentiment of the oil market remains the same. The risks of supply disruptions from the Persian Gulf still exist amid the US-Iran stand-off. Currently, there is no data on the market about how much oil exports from Iran reduced in May due to sanctions. The first estimates will be out by the end of the next week reflecting the influence of this factor on the market.
OPEC+ countries talk cautiously about the prospects for a deal to be concluded at the next meeting scheduled on June 25-26.
Trader’s stance towards the ruble is ruled by external factors today. The risk appetite lowered amid the escalation of trade conflicts. Recently, the weak manufacturing PMI from the United States and Germany worsened the economic picture.
Yesterday the ruble/dollar pair started the day with an upward gap and then got an upward correction targeting the level of 65 rubles. There it met serious resistance.
The further developments depend on if a short-term shock will turn into a mid-term downtrend. There are already some prerequisites for this scenario. The pair dropped to 64.63 today in the first five minutes of trade on the Moscow Exchange.
We keep on following the developments. Stay with us!

https://www.instaforex.com

FX Analytics - https://www.instaforex.com/forex_analytics
Forex Calendar - https://www.instaforex.com/forex_calendar
Forex TV from InstaForex - https://www.instaforex.com/instaforex_tv

Forex charts - https://www.instaforex.com/charts
Instant account opening - https://www.instaforex.com/fast_open_live_account
Forex Trading Contests - https://www.instaforex.com/forex_contests

List of official InstaForex blogs:
https://www.facebook.com/instaforex
https://www.instagram.com/instaforex/
https://twitter.com/InstaForex

#commodity_market #oil #instaforex_tv
← back to video list

Geography with InstaForex

Geography with InstaForex

InstaForex TV News

InstaForex TV News

InstaForex TV Calendar

InstaForex TV Calendar

Market TV Review

Market TV Review