Market updates and forecasts

从ForexMart获得最新经济新闻,包括金融市场,中央银行政策宣告,财务指标,和影响这个银行的其他相关新闻的更新.

免责声明:   ForexMart不提供投资建议,所提供的分析不应被解释为对未来结果的承诺。

Oil declines ahead of Jerome Powell speech


三月, 07 2023
watermark Economic news

Oil prices are again showing a decline in anticipation of the speech of the head of the Federal Reserve System Jerome Powell in Congress, scheduled for tonight. 


Market participants hope to receive new signals regarding further changes in interest rates. Investors are concerned because the prospect of higher rates and tighter monetary policy could lead to a recession in the US economy and reduce fuel demand.


Most likely, today's speech by the head of the US Federal Reserve will be the last before the March meeting, which will be held on March 21-22. 


Against this background, Brent oil quotes fell on Tuesday to the level of $85.56 per barrel. North American WTI oil shows similar dynamics, falling to $79.85 per barrel. 


At the same time, there are a number of factors that can provide certain support to oil quotes in the future. We are talking about the statement of the CEO of the American Pioneer Natural Resources Co. Scott Sheffield said that the production of shale oil and gas in the Permian basin will reach a peak level in 5-6 years (against the background of depletion of the best fields for drilling and production). 


In addition, Saudi Aramco's increase in prices for European and Asian buyers for almost all grades of oil in April indicates expectations of demand growth in these regions.


反馈

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
风险提示:
外汇本质上有高度的投机性和复杂性,可能并不适合所有投资者。 外汇交易可能会带来重大的收益或损失。 因此,建议您不要承担无法承受的损失。 在使用ForexMart提供的服务之前,请确认外汇交易相关联的风险。 必要时寻求独立的财务意见。请注意,过去的业绩和预测都不是未来结果的可靠指标。
外汇本质上有高度的投机性和复杂性,可能并不适合所有投资者。 外汇交易可能会带来重大的收益或损失。 因此,建议您不要承担无法承受的损失。 在使用ForexMart提供的服务之前,请确认外汇交易相关联的风险。 必要时寻求独立的财务意见。请注意,过去的业绩和预测都不是未来结果的可靠指标。