On Friday morning, oil quotes are growing slightly, but the asset ends the whole week with a significant decline. The market was pressured by an increase in oil reserves in the United States this week, as well as a decrease in geopolitical risks amid hopes for a truce between Israel and Hamas. The current price of Brent oil is $83.60 per barrel. The average price last week was around $90. North American WTI crude is trading near $79 per barrel after rising to $84.30 last week. Since the beginning of the week, Brent has lost 4.9%, WTI – 5.6%. This drop in the oil market reinforces expectations that OPEC+ countries will continue to limit production. Most traders and analysts assume that the alliance countries will extend voluntary production restrictions until the end of this year. In general, traders took a wait-and-see attitude, and the market stabilized. Experts believe that with the WTI price below $80 per barrel, OPEC has every reason to extend the current restrictions on oil production.
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.
コンタクトする 
