Oil "bears" have got one more leverage

April 3, 2015

Dear clients!

Yesterday we had been witnessing an abrupt slump of Brent: by 8 pm EET quotes already went down to 54.60 US dollars per barrel. This drop was caused by the decision of Iran and EU to start settlement of the nuclear problem of Iran.

One would think, what is the connectin benween oil and uranium enrichment? In this case it is direct: Iran had already accumulated sufficient reserves of crude oil complying to OPEC oil production quotas. Upon fulfilling all nuclear agreements, sanctions will be lifted from Iran and flood of the oil is expected on markets.

Here is a commentary of Alexander Goryachev, an expert of FreshForex company:

"The fact that a new powerful oil player entered the market could be fatal for Brent. Export of Iranian oil will enhance the disbalance between supply and demand on global market even more which will put the pressure on quotations."

Thus, yesterday traders received one more signal of a declining trend of Brent. Market situation can turn any side, but you can always avail from the bonus 35% from FreshForex: it will maintain your account under drawdown and help to get extra profit!

Publication source
FreshForex information  FreshForex reviews

December 9, 2016
Grand Capital weekly recap
Find out how traders of Grand Capital finished the last week of fall and started the first week of winter. As always, the numbers don't fail to impress. Last week's maximum deposit growth was $109 360,00...
December 8, 2016
Orbex #TradeFit Campaign Gets a New Spin This December
Orbex, an innovative leader in online forex trading, recommits to another year of CrossFit Limassol sponsorship and is confirmed as the main sponsor of the flagship athletic event of Cyprus, WodWars Europe Competition, which will be held December 10-11...
December 8, 2016
FXCM integrates algo trading platform QuantConnect
Leading US forex brokerage FXCM announced on Monday it has launched Live Trading Integration with algorithmic trading platform QuantConnect, which is cloud-based. At present, only the broker’s US clients are able to use this service...

OctaFX Rating
FXCM Rating
FxPro Rating
HotForex Rating
Trade360 Rating
Vantage FX Rating

Anyoption Rating
TropicalTrade Rating
TopOption Rating
OptionBit Rating
365BinaryOption Rating
EZTrader Rating