Raw materials in this article
advertising
l, gold, trade all commodities with leverage (up to 30)
-Trade commodities with high leverage and small spreads. You can start trading with just 100.00 to benefit from the effect of 3,000 euros of capital!-
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
—
Market participants gave several reasons for the falling oil prices. First, reference was made to the sharply declining share prices in the United States. There, important indices were more than four percent in the loss zone. Risky forms of investment such as raw materials were thereby burdened.
Secondly, the appreciating US dollar had a negative impact. Since Erdl is traded internationally in the American currency, oil demand outside the dollar area will decrease if the dollar becomes more expensive for these investors.
The third reason for the burden was the price war between the large Gulf states and Russia. On Wednesday, Saudi Arabia and the United Arab Emirates announced an increase in their funding capacities. The move should be against Russia, which last week refused to support a cut in rates proposed by the Opec cartel. As a result, the oil price had plummeted on Monday as it had not in thirty years.
“After the historic price crash at the beginning of the week, events on the oil market remain extremely volatile,” commented commodity expert Carsten Fritsch from Commerzbank. According to him, the phase with strong price fluctuations should continue for quite a while.
FRANKFURT (dpa-AFX)
More news about lpreis (Brent)
–
Image sources: Simone Voigt / Shutterstock.com, sacura / Shutterstock.com
–
