Oil prices continue to decline

August 24, 2016

Oil prices continue to decline, amid investor concerns over rising supplies from Iraq and Nigeria, as well as growth in the number of drilling rigs in the United States.

Trading recommendations

The oil market continues to drop and today traded at around $ 48.70. US Inventory data is in the focus tomorrow. Today we expect the consolidation in the range of 48.50-48.70 dollars per barrel, followed by a transition to a relative growth.

Publication source
Fort Financial Services information  Fort Financial Services reviews

October 21, 2016
Gold prices drop in Asia amid stronger greenback
On Friday, gold dropped during Asia trade amid a strengthening greenback as well as surging chances of a rate hike weighing on the hedge commodity...
October 21, 2016
ECB holds the rate unchanged with the pressure on Draghi
After a brief upturn seen in the late Asian trading, the currency retreats to the Wednesday close showing a tepid response to the ECB policy update. The New York FED leader William Dudley comments offered a support to the Dollar rally although the focus remained on the US inflation...
October 21, 2016
EURGBP Tests Major Support
This morning we saw the release of German PPI YoY and MoM figures for September. The former fell to -1.4%, compared to expectations of -1.2%. The latter was -0.2%, in line with expectations...

FIBO Group Rating
OANDA Rating
FxPro Rating
FOREX.com Rating
Larson&Holz IT Ltd Rating
Tickmill Rating

OptionRally Rating
Anyoption Rating
TopOption Rating
Beeoptions Rating
EZTrader Rating
Empire Option Rating