Oil Prices – 13th August 2020 Oil prices retreated during Thursday’s trading, giving up the gains it had recorded earlier today, despite the dollar’s decline against most major currencies. “OPEC” had mentioned in its monthly report expectations that global oil demand growth will contract by 9.1 million barrels per day this year compared to its […]read more
Forecasts & Technical Analysis
BrokerTrending provides you with the latest oil forecast by our financial analysts, including news, fundamental analysis and outlook.
Oil prices expanded from its decline with opening of US market on Friday, to continue its losses for the second day in a row, away from the highest level in five months, with continued corrections and profit taking, in addition to growing concerns about the recovery of US economy from pandemic of Coronavirus, especially after […]read more
Oil Price Forecast: 5th August 2020 The oil price rose in European Session to continue its increase for a fourth consecutive day, based on the large decline in crude stocks in the United States, according to data from US Petroleum Institute, and online brokers are awaiting official data later in this day, from the weekly […]read more
Oil Price Forecast: 30th July 2020 The oil price fell during Thursday’s trading and increased its losses in light of the release of weak economic data that raised concern about global demand and the extent of the damage caused by the Coronavirus crisis. Government data revealed that the German GDP shrank in the second quarter […]read more