empty
05.02.2021 12:42 PM
No barriers: the oil is on the way to a new price records

This image is no longer relevant

The price of crude oil shows again a positive trend this morning, which indicates the focus of black gold to new maximum values. The reason for such a significant advance may be the fulfilled hopes for a decrease in the level of crude oil reserves in the United States of America. In addition, a certain amount of confidence is inspired by the fact that the major oil producers in the world are going to voluntarily further reduce their production for some time in order to stabilize demand for raw materials.

The price for futures contracts of Brent Crude Oil for delivery in April rose again this morning in London: an increase of 0.68% or $ 0.4, and the current level is $ 59.24 per barrel. Yesterday's trading day ended with a good growth by 0.7% or $ 0.38, which moved the contracts to the line of $ 58.84 per barrel and brought them closer to the strategically important level of $ 60 per barrel. In addition, the occupied position already represents the maximum value, which has not been there for almost a year.

The price of futures contracts for WTI Crude Oil for delivery in March is also moving up today on the electronic trading platform in New York. The morning rise was 0.8% or $ 0.45, which sent them to a new level of $ 56.68 per barrel. Thursday's trading session ended in the green zone: the growth was very good at 1% or $ 0.54, and the final price consolidated in the area of $ 56.23 per barrel. This was also the highest level since the end of January last year.

It is worth noting that the growth in the price of Brent Crude Oil has been happening for the fifth trading session in a row indicating a certain confidence in the markets, which began to be noted this week. WTI crude is also trading in the black for the fourth trading session. Thus, both brands are rapidly moving to record a fairly high rise in the results of the week's work. This bet is most likely worth waiting for a new record value over the past few months. At least, analysts point out that such a jump has not happened since the middle of last fall.

There are several reasons for market participants to be happy at once. The main reason is the growing hopes for an early recovery of the world economy from the consequences of the crisis caused by the coronavirus pandemic. Potential approaching economic growth is associated with a large-scale program of mass vaccination of the population in different countries of the world. The authorities of many states have already begun to make a decision to increase the budget for the purchase of drugs against COVID-19, which should soon improve the situation and remove a number of acute problems that were noted earlier.

In fact, the opinion has already begun to spread among the experts and investors that the coronavirus pandemic is almost under control and victory is far from over. This is indirectly evidenced by the statistics, according to which a smaller number of infected, hospitalized and fatal outcomes have been recorded last week. Of course, this can affect the mood of the market participants.

In addition to the positive attitude towards the fight against the pandemic, experts point to good prospects for growth in demand in the oil market. This is also due to a decrease in the overall level of coronavirus cases, with the intention of the black gold supplier states to temporarily further restrict the extraction of raw materials on their territory. Thus, the problem will be actively solved from both sides at once, which practically eliminates the negative outcome and makes investors believe that the oil market has embarked on a rapid recovery.

Maria Shablon,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

特朗普施壓——股市應聲下跌

全球金融市場連續第二天受到衝擊,而金價則飆升至歷史新高。這可歸因於白宮推動的貿易對抗升級,令人措手不及。

11:46 2025-03-28 UTC+2

3月28日美國市場新聞摘要

白宮對汽車及零部件徵收25%的關稅,導致汽車製造業出現拋售潮,主要股指普遍下跌。道瓊斯指數、標普500指數和納斯達克指數均收跌。

Irina Maksimova 11:24 2025-03-28 UTC+2

特朗普操作影响,股市应声暴跌

隨著由白宮引發的新一輪貿易緊張局勢,全球金融市場連續第二天遭遇大幅下挫,而黃金則攀升至歷史新高。 特朗普政府在週三宣佈對進口汽車及零部件徵收25%的關稅。

Thomas Frank 07:36 2025-03-28 UTC+2

汽車新關稅如何影響股市及汽車製造商

在美國宣佈對進口汽車徵收25%的關稅後,美國股市面臨壓力。總統唐納德·特朗普簽署了一項行政命令,從今年四月開始對外國製造的汽車徵收新關稅。

Ekaterina Kiseleva 23:44 2025-03-27 UTC+2

賭注提高:GameStop 押注加密貨幣,特朗普押注關稅

據報導,特朗普預計將很快公布新的汽車關稅。Dollar Tree因出售其Family Dollar部門的消息而上漲。

11:15 2025-03-27 UTC+2

3月27日美國市場新聞摘要

美國總統唐納德·特朗普對進口汽車徵收25%的關稅,此舉在金融市場引發震蕩。標普500指數和納斯達克指數雙雙出現大幅下跌,市場參與者準備迎接與加拿大、墨西哥及歐盟的貿易緊張局勢升級。

Ekaterina Kiseleva 11:02 2025-03-27 UTC+2

風險上升:GameStop 進軍加密貨幣,特朗普施行關稅政策

美國股市指數週三大幅下跌,科技巨頭和汽車製造商領跌。在美國總統唐納德·特朗普承諾對進口汽車加徵新關稅的公告前,投資者屏息以待,這一舉措可能撼動全球市場。

Thomas Frank 08:04 2025-03-27 UTC+2

3月26日美國市場新聞摘要

JP Morgan 認為,目前 S&P 500 指數出現修正的風險很小。儘管數據疲弱且政治不確定性存在,該銀行預期指數將繼續上升。

Irina Maksimova 10:47 2025-03-26 UTC+2

美國指數上漲,儘管 KB Home 表現疲軟

週二,美國股市表現出溫和增長:蘋果股價急速上升,而Nvidia 股價則下滑。在市場上,投資者緊密關注新的公眾情緒數據,並開始對白宮下週可能放寬貿易政策的預期進行調整。

Thomas Frank 09:02 2025-03-26 UTC+2

3月25日美國市場新聞摘要

昨天,S&P 500 十分出乎意料地一展雄風,上漲了1.76%,達到5,769的水平,這是在1月13日以來的最高點。如同按著精心排練的劇本,Marlin振盪指標如同訓練有素的表演者,一度觸及了多頭區域的邊界。

Natalia Andreeva 11:50 2025-03-25 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.