Oil prices went down in Asia

Oil prices went down in Asia

By: Oliver Miller | Where To Trade | On:Friday, 23 December 2016
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   On Friday, oil prices on the Asian trade went down, just right before the winter holidays. 

This made the progress set in previous trading sessions to disintegrate and traders' profits to slowly fall apart.
Brent crude oil for the month of February went down 0.4%, trading at $54.86 per barrel. 

  As the dollar index remained the same on Friday, at 103.65, the U.S. West Texas Intermediate went down 0.5%, trading at $52.67 per barrel.

 Oil prices are now at their highest level of trading since 2015, and that's due to OPEC and non-OPEC members' deal to cut output by 1.8 million barrels per day starting 1st of January 2017.

 According to investors and analysts, the US crude oil is expected to trade at $63 in the first months of 2017.

 

Oliver Miller

Oliver Miller

"Patience is the key for success"

Oliver Miller is one of the best financial analyst with 18 years of online trading experience

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