Oil is actively decreasing in value

The price of black gold began to sharply decline after the OPEC’s meeting. The negative trend has been formed due to the growth of oil production in the US. According to experts, the lack of a certain agreement among the participating countries about their further actions in the oil production field also had a negative impact on the oil’s value.

The Brent oil fell by 2.03% and holds at $51.65 per barrel. The WTI brand decreased by 2.28% and reached the $47.55 per barrel.

Traders have a good opportunity to make money on the asset’s further fall. Trading will be available from 01:00 to 20:00 GMT time.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions