Politics shape oil traders’ sentiment (31.07.2017) Video

Politics shape oil traders’ sentiment (31.07.2017)

Disukai di YouTube: Politics shape oil traders’ sentiment (31.07.2017) https://youtu.be/nHW-GtbXVAs Terima kasih telah memposting video ini, bagus sekali!Today the most optimistic traders are working with oil quotes. Crude prices reached a 2-month high. Moreover, WTI is trying to break through the resistance level of $50 a barrel. Oil is extending gains amid a publication that showed a drawdown in the US oil inventories, although the Baker Hughes report released on Friday indicated an increase in the number of operating oil rigs in the US. According to the government data, now there are 766 active oil rigs in the US, which means last week the number increased by 2 units. Nevertheless, traders continue to buy oil in response to reduction of crude supply. Thus, BRENT hit a level of $52.80 a barrel. The market is influenced by news about a significant reduction of oil exports from Saudi Arabia, the UAE and Kuwait. In addition, traders are waiting for a potential decrease in crude supplies from Venezuela amid possible introduction of sanctions by the US. Meanwhile, the US government is busy discussing new sanctions against another oil producer, Russia, where the end of the tax period has significantly weakened the national currency. The US dollar/ruble touched 60.30, but soon corrected to 60.00. Investors are on edge amid the aggravated relations between the US and Russia. In response to the new sanctions against Russia that have not been introduced yet and the US decision to expel Russian diplomats in December, Moscow decided to send hundreds of American diplomats out from the country. http://ift.tt/18c3MZ0 Diposting di August 1, 2017 at 06:44AM Terima kasih telah mengunjungi situs kami, kunjungi kami lagi untuk video terbaik dari youtube.