• Forex
  • Investments
  • Loyalty program
  • Promotions and contests
  • Analysis
  • Getting started
  • About us

Brent Almost Reaches 50 USD per Barrel

Today Brent on November contracts almost reached $50 USD per barrel, with WTI not far behind at $46.6 per barrel.

The slight oil quote growth is linked to investor expectations with regards to US oil reserve statistics based on numbers for last week. According to preliminary data, the reserves are falling. Chinese data is holding the quotes back from heading any higher: the September service sector PMI for the country has come out worse than expected and is down to 47 points. As such, the indicator has now been falling for over a year.

Investors are factoring in the risks of a Chinese slowdown into the price of oil.

Oil is to trade in a narrow range until the end of the day: Brent is unlikely to head outside of $48.5-50.0 and WTI will be between $46 and $47 per barrel.

Latest reviews

Everyone has the chance to make a profit

You don't need to trade on your own to make a profit. Make a profit by entrusting your funds to experienced traders!


There's a better website for you

A new exciting website with services that better suit your location has recently launched!

Sign up here to collect your 30% Welcome Bonus.