Crude oil prices are on the verge of ending a 7-week winning streak as retail traders start to turn more bullish. From a contrarian standpoint, this could open the door to further losses ahead.
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits.
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.a registered Introducing Broker with the Commodity Futures Trading Commission and is no longer a Member of the National Futures Association in the U.S. Any and all information provided by FXP is not intended for use by U.S. residents or individuals domiciled in the U.S.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crude Oil Prices Will Increase Through 2024 As Demand Rises Above Supply — EIA ForecastWe forecast higher crude oil prices in the second half of 2023 and into 2024 in our latest Short-Term Energy Outlook (STEO) because of moderate but persistent inventory drawdowns. Inventory drawdowns take place when demand for a commodity is greater than the supply of that commodity. We expect production cuts from OPEC members and forecast higher […]
Read more »
Oil Price Update: Chinese Data, Strong USD Weigh on Oil PricesWorsening Chinese data, strong USD and new banking nervousness weighs on the global oil outlook. Bullish continuation remains constructive as the market remains tight
Read more »
Crude Oil Collapses as China Woes and US Dollar Strength Take its TollCrude oil prices broke lower yesterday and has underperformed today as developments out of China has risk assets on the backfoot amidst US Dollar reclaiming the upper hand. Lower WTI?
Read more »
Closing prices for crude oil, gold and other commoditiesBenchmark U.S. crude oil for September delivery fell $1.61 to $79.38 a barrel Wednesday. Brent crude for October delivery fell $1.44 to $83.45 a barrel.
Read more »
Closing prices for crude oil, gold and other commoditiesBenchmark U.S. crude oil for September delivery rose $1.01 to $80.39 a barrel Thursday. Brent crude for October delivery rose 67 cents to $84.12 a barrel.
Read more »
Gold Price Forecast: XAU/USD stays bearish below $1,925, US data, Fed Minutes eyedGold Price (XAU/USD) cheers a pullback in the US Dollar, as well as mixed the market’s consolidation ahead of the top-tier US data/events to portray a
Read more »