Oil rose today after Donald Trump claimed victory in U.S. election with millions of votes still to be counted and the final result not yet clear.
The markets reacted with higher oil prices to his words prices because Trump’s victory is viewed by markets as bullish for oil because of his sanctions on Iran and his support for OPEC oil cuts to support the prices. Joe Biden’s victory, in contrast, is seen as bearish for oil because of his support for green policies and softer stance on Iran. Oil prices are also supported by the possibility that OPEC producers can consider postposing a planned increase in OPEC+ oil output from January as a second coronavirus wave hurt the recovery in fuel demand globally.
Giao dịch với một sàn môi giới được trao giải thưởng! Chênh lệch thấp nhất ở thị trường dành cho forex, kim loại quý, năng lượng. Không chào giá lại, không từ chối lệnh và rút tiền tức thời.
BRENT overview 04.11.2020
Oil rises after Trump claims victory.
Oil rose today after Donald Trump claimed victory in U.S. election with millions of votes still to be counted and the final result not yet clear.
The markets reacted with higher oil prices to his words prices because Trump’s victory is viewed by markets as bullish for oil because of his sanctions on Iran and his support for OPEC oil cuts to support the prices. Joe Biden’s victory, in contrast, is seen as bearish for oil because of his support for green policies and softer stance on Iran. Oil prices are also supported by the possibility that OPEC producers can consider postposing a planned increase in OPEC+ oil output from January as a second coronavirus wave hurt the recovery in fuel demand globally.
Expect buyers on downward corrections
Next resistance to watch – 41.7
Giao dịch với một sàn môi giới được trao giải thưởng! Chênh lệch thấp nhất ở thị trường dành cho forex, kim loại quý, năng lượng. Không chào giá lại, không từ chối lệnh và rút tiền tức thời.
Mở tài khoản
Bài Viết Mới Nhất
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12 Tháng Bảy 2023Danh mục
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