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04.05.2020 BRENT OIL Daily Analysis
Today Brent oil is trading on 25.80usd and it went down with 2.42 percent. Brent oil lost its last week gains today that came up with the reduced infection
Yazar: editor_1
Yayınlanma: 4 Mayıs 2020 18:26
Güncellenme: 15 Kasım 2024 06:04
04.05.2020 BRENT OIL Daily Analysis
BRENT OIL 25.80usd, -0.64, -2.42% Today Brent oil is trading on 25.80usd and it went down with 2.42 percent. Brent oil lost its last week gains today that came up with the reduced infection rates and also with the step that the OPEC members and major oil producers such as Russia and Saudi Arabia began to cut oil production starting from the 1st of May. The reason why the oil is going down is that there is still the fear that the low demand right now will likely cause the oil glut issue to continue as the U.S and China are currently having trade tensions that will block the recovery of the economy.İLGİLİ HABERLER
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