Please note that this website is not intended for EU residents. If you are located in the EU and wish to open an account with an EU investment firm and protected by EU laws, you will be redirected to Huaprime EU Ltd, a company licensed and regulated by the Cyprus Securities and Exchange Commission with licence no. 426/23.
On Monday, WTI crude futures experienced a significant increase, rising by 2.2% and closing at $77.4 per barrel, marking their highest point in more than a week. This was the most substantial one-day gain seen since February and was driven by the anticipation of a rise in fuel demand during the summer season.
Investors are now turning their focus to upcoming pivotal events such as the Federal Reserve’s decision on interest rates and an important report on US inflation. Previously, on Friday, the oil market was under pressure due to the robust US employment figures, which resulted in traders scaling back their expectations for a reduction in interest rates. Consequently, they changed the economic growth and energy demand projections for the worse.
Additionally, market participants are keeping an eye on political developments in Europe. This comes after French President Emmanuel Macron announced a snap election, prompted by his party’s defeat to Marine Le Pen’s National Rally during the EU elections that took place on Sunday.
Moreover, oil prices last week reflected the commodity’s third consecutive weekly decline. Concerns are growing because OPEC+ is considering easing some production cuts and has come to an agreement to step up production from October onward, extending through September of 2025.
(WTI Crude Six-month Chart)
Disclaimer
Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.
Ultima Markets, dünya çapında yaygın emtialar için en rekabetçi maliyet ve değişim ortamını sağlar.
Ticarete BaşlaHareket halindeyken piyasayı izleme imkanı
Piyasalar arz ve talepteki değişimlere duyarlıdır
Sadece fiyat spekülasyonu ile ilgilenen yatırımcılar için çekici
Derin ve çeşitli likidite ile gizli ücretler yok
Dealing desk yok ve yeniden fiyatlandırma yok
Equinix NY4 sunucusu üzerinden hızlı yürütme