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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.

Oil is moderately declining at the end of the week

September, 20 2024
watermark Economic news

World oil prices were moderately declining on Friday morning amid continuing negative market sentiment caused by a number of fundamental factors.


The current price of Brent oil is $74.40 per barrel. North American WTI crude is trading near $70.67. 


Analysts continue to analyze the results of the recent meeting of the US Federal Reserve System, at which the regulator lowered the discount rate by 0.5 percentage points for the first time since 2020, to 4.75-5% per annum. Experts are trying to understand how these measures can affect global markets, including raw materials.


«It is still unclear whether the decision of the US Federal Reserve will reduce the risks of falling oil prices from a macroeconomic perspective. Fundamental factors remain bearish, and the market should exercise caution, given the continuing risks, which are still inclined to decline,» experts comment on the situation.


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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.