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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Depreciation of Dollar Brings the Oil Prices Up

December, 22 2016
watermark Economic news

Oil prices climbed higher driven by depreciation of dollar despite the subdued market in Asian trading on Thursday. On the other hand, crude producer would follow in the agreement to shift output to support the market.

It is forecasted by the chief investment officer, Jonathan Barratt that U.S. crude will rise up to $60 per barrel while Brent prices would increase by 2 to 3 U.S. dollars in the first quarter of 2017. Although this may happen only for a short time because there will be more supply from U.S. shale producers.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.