World economy and crude oil

Instant account opening

Oil trading chart

52.85 USD
17 Oct 2019 12:22

$-0.01
(-0.02%)

Inchidere

$52.97

Deschiderea

$52.91

Petul maxim

$53.1

Pretul minim

$52.76

52-sapt. max.

$66.59

52-sapt. min.

$48.12

Buy

Sell

MetaTrader Platform

Indexes/Futures

52-sapt. max.

What factors determine oil prices?

Oil price depends on a lot of geopolitical factors and reflects market participants’ sentiment. Countries, big companies, and traders can all be considered the players in the oil market.

For example: airline companies trade oil to hedge their risks for fuel price growth, whereas traders perform deals in order to make money from market fluctuations.

Oil prices are conditioned by the same factors as the exchange rates of currencies, i.e. political developments, financial events, and even weather.

Instaforex News

*News Of The Day: Oil Prices Mixed As OPEC Hints More Output Cuts .* Other News: 1. Pound Off Lows Against Majors 2. *UK Banks Expect Corporate Loan Availability To Fall Most Since 2008: BoE Survey 3. *Iceland Sep HICP -1.4% On Month Vs. -0.4% In August 4. *Iceland Sep HICP Up 2.8% On Year Vs. 1.7% In August 5. *Eurozone Aug Construction Output Up 1.2% On Year Vs. 1.8% In July 6. *Eurozone Aug Construction Output Falls 0.5% M-o-M Vs. -0.2% In July 7. UK Retail Sales Remain Flat In September 8. *UK Sep Retail Sales Excld Auto Fuel Rise 3% Annually, Consensus 2.9% 9. *UK Sep Retail Sales Excld Auto Fuel Up 0.2% M-o-M, Consensus -0.1% 10. *UK Sep Retail Sales Incld Auto Fuel Rise 3.1% On Year, Consensus 3.1%

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