Prices down sharply again!
A return of US investors after the long weekend results with a fresh dose of gloom. Few markets feel it more than OIL.WTI – down more than 4% today and 15% from the post pandemic high on 26 August.
The reason? Evidence that economic recovery is stalling just as the US driving season ends. The latest data from China saw oil import down for the second straight month and high frequency data sees global oil trade declining. After breaking 50-day moving average, the price is moving lower quickly with a possible support at still distant $34.60
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
