Oil prices tumbled by more than 1% on Wednesday
Oil prices tumbled by more than 1% on Wednesday due to U.S. Energy Information Administration's declaration on Tuesday, revealing that the U.S. shale production will overcome its first slump in three months in the month of February.
The production for the month of March will increase up to 40.750 barrels per day, according to the Energy Information Administration's statements. The expectation were of a decreasing a 5.900 barrels per day in the month of January.
Investors and markets were wating for the Organisation of Petroleum Exporting Countries's report, that should give the investors an idea about the output cuts future plans.
The official records from the Energy Information Administration will be released on Thursday .
Meanwhile, the U.S. crude oil futures decreased 1.39%, reaching $51.75.
The Brent oil went down 1.30%, reaching 54.75 dollars.
When there is a will there is a trade
A successful Forex trader and expert advisor
On Wednesday, Federal Reserve Chair Janet Yellen spoke about the interest rates and about the United States' economy
The gold prices dropped below $1.200
Taking into account today’s volatile economy GTCM endeavors to provide its clients with a secure trading environment and strong financial services. We aim to establish a strong relationship with our customers by providing them with ease, transparency and accountability on all their account activities
Banc De Binary is home to the 21st century investor. Founded in the wake of the 2008 financial crisis, we set out to provide the simplest, most profitable trading solutions, and have built a following among customers in over 80 countries worldwide. Today, we provide access to the financial markets via our online binary options platform to 250,000 account holders. As a World Finance listed company and multi award-winning firm, we are proud to be able to guarantee a safe and risk-controlled environment for all our valued clients.
HY Markets is a market leader in providing retail and institutional investors with access to foreign exchange and other capital markets. With HY Markets you can trade forex, metals such as gold and silver, energy products such as US oil and natural gas, commodities, indices as well as stocks, all from a single integrated account.
Ikon Markets are an online trading service provider affiliated to the Ikon Group, an acclaimed global network for online financial trading. Prior to the introduction of our online segment. We, at Ikon, have had many years of experience in providing financial trading services to institutional investors, such as banks, large financial institutions and mutual fund companies.