28 September, 2016
Since the beginning of this week representatives of oil world has been discussing hot issues concerning the field of oil production. An extraordinary meeting of the oil companies is held in Algeria on 26,27 and 28 of September 2016.
This meeting is touted by mass media as the most anticipated event of this September. Attention of all investors drawn to the chart of oil, and even the smallest analytical agency is committed to give its outlook and commentary.
If we collect all available information, we can make a suggestion that consensus won't take place. Moreover, energy ministers in one voice declare that the Ñondition of the oil market is even worse than condition which was during previous meetings about six months ago. Nowadays supply exceeds demand and oil production countries renovate historical records that is why there are all reasons to hold the position for sale.
The meeting of representatives of Saudi Arab and Iran was held in Vein but didn't brought any results. Iran doesn't agree to reduce volumes of raw materials but, on the contrary, plans to increase it (as well as the rest of the volumes).
On Wednesday evening, on the 28 of September 2016 the situation on the reduction of the level of oil production will be fully clarified and it creates unique opportunities for receiving earnings.
With FIBO Group You can implement any investment strategy, with the use of oil assets.
Available for trading:
1. Ð¡ommodity currency - CAD (look for the instrument USD/CAD in the lists);
2. Contract for American oil (USOIL).
The British pound received a much-needed boost today after the latest monetary statement earlier today from the Bank of England fueled expectations...
The gold price is steady today in the Asian trading session after Friday's losses on the back of better than expected data from the US that all but seals...
In the last 2 weeks the gold price has broken through 2 significant resistance points and is now heading for perhaps its most important test, the peak reached...
Gold is on track today to rack up its second straight day of gains which ends a disastrous 2 weeks where the precious metal tumbled over $50...
After falling heavily for the last 2 weeks it appears gold may have found a temporary bottom and some news released from the US earlier today may be...
The gold price has stabilized today after suffering 2 straight days of losses as the markets await a key Federal Reserve meeting in which the central bank is going to lay out its monetary...
The gold price is powering ahead today, racking up its fourth straight day of gains as political tensions boil over between the US and North Korea with the later threatening to strike the US...
The British pound continued its downtrend today before recovering slightly...
The Australian dollar is holding steady today with analysts deeply divided over the direction of the currency as the year unfolds. At 8.31pm (GMT) the Aussie dollar was trading at US76.81c virtually unchanged from yesterday’s trading...