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The oil market is volatile at the beginning of the trading week


六月, 17 2024
watermark Economic news

Oil prices on Monday are quite volatile after a significant rise last week, which was the highest since April. 


Last Friday, Brent quotes rose to $83.32 per barrel. During today's trading, prices first fell to the level of $82.11, subsequently jumping to $82.96. The current Brent quote is $82.50 per barrel.


Strong growth at the end of the week offset the decline recorded a week earlier after OPEC+ announced plans to gradually reduce restrictions on oil production.


The market was supported by forecasts from OPEC and the International Energy Agency, indicating the possibility of a shortage of supplies before the beginning of winter. In general, analysts believe that oil prices have some potential for growth – the third quarter is traditionally the season of peak demand around the world, and this will contribute to an increase in oil refining volumes.


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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。