Oil falls influenced by the International Energy Agency report

2017-08-14 09:49 pm | Resource: NEWS | No Views : 328

Oil prices fell on Friday, on its way to achieving the multidomainrotator brigade losses amounted to 3%,
on the background of the continuing concerns about the abundance of the world's supply of oil,
investors await the announcement of the weekly statements of drilling activity in the United States, and changing the number of working drilling platforms.

The International Energy Agency said in its report issued on Friday, the increasing supplies of crude oil for the month 3 respectively,
the report pointed out that compliance by OPEC to reduce production agreed in July dropped to 75%, the lowest since the start of the reductions in January last year.

The International Energy Agency said in its monthly report, the total global oil supply rose by 520 thousand barrels a day in July,
bringing the total to 500 thousand barrels per day above the levels of last year.

Down U.S. crude oil futures rose by 0.76% to 48.22 dollars, while the brent crude oil prices dropped 0.60% to 51.59 dollars.

Other analysis

DOW JONES Technical analysis 22 June 2018

Time frame Used - four hours The Dow Jones industrial average30 is moving in a bearish direction in the near term The bears managed to control the movement of the Dow Jones to break through the level of 24630 down to reach the level of 24405 trying to consolidate above this level In view of the technical indicators Both the RSI and the Stochastic are indicating signs of recovery Accordingly,…

More analysis

Best trading brokers

Most views

Recommended companies

Forex Articles

Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.