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Amega Global Ltd is an investment company authorised and regulated under the Financial Services Commission, Mauritius, Investment Dealer Licence: GB22200548. Findeavour Ltd is authorised as a technology service provider to Amega Global Ltd. Company number 12971852, United Kingdom.
No services are provided to residents or citizens of the USA, North Korea, Iran, Mauritius and the Russian Federation. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read and ensure you fully understand our Risk Disclosure Policy before investing.
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BRENT overview 24.05.2021
Oil rises on improved risk sentiment.
Oil continues to rise today under the effect of the improved risk sentiment globally as the investors are awaiting the key inflation readings later this week – which would indicate the faster pace of the economic recovery in USA – which would raise oil demand expectations and raise the oil prices further. Another factors adding to the bullish pressure on oil is that a potential obstacle emerged in reviving the 2015 Iran nuclear deal that could add more oil supply – which is a bullish signal for the oil. The speaker of Iran’s parliament said on Sunday a three-month monitoring deal between Iran and the U.N. nuclear watchdog had expired. Still, analysts agree that even if Iran exports are restarted – oil prices will continue to rise due to a vaccine-driven increase in global demand.
Except buyers on downward corrections.
Next resistance to watch – 69.8
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