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Oil completes the most successful week since February 2023


十月, 04 2024
watermark Economic news

Oil prices on Friday showed the largest weekly increase in more than a year, helped by heightened tensions in the Middle East. The current Brent quote is $78.45 per barrel, WTI is $7450. Both benchmarks showed an increase of 8-8.5% since the beginning of the week.


Traders continue to closely monitor the situation in the Middle East, especially in light of statements by U.S. President Joe Biden. He expressed the opinion that there would be no «total war» in the region, but also confirmed the discussion of the possibility of Israeli strikes on Iranian oil facilities in response to a missile attack from Tehran.


Meanwhile, ports on the east coast of the United States and in the Gulf of Mexico began to return to work after a salary agreement was reached with dockworkers and port operators. This agreement put an end to the largest shutdown in the industry in the last half century.


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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。