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Forex and Cryptocurrency Forecast by NordFX. May 20-24, 2019
U.S. Sanction Trap For Russian Rouble
Facebook articles contest from FortFS
BTC Market Will Set New Highs In 2020
U.S. Unemployment Rate Drops To Nearly 50-Year Low
Six main components of Alpha Bonus from FortFS
Masterforex-V Names Biggest Stock Exchanges
Masterforex-V Names SSE's 20 Biggest Companies
Masterforex-V Experts Call Hong Kong Exchange Financial World's Biggest Provoker
Will U.S. Stock Market Grow This Year?
Experts Anticipate U.S. Stock Market Crash This Winter
Why did crude oil crash by almost 11% last week?
WTO Lowers Global Trade Growth Forecast
How to Protect Investment Capital in 2019?
EU Comes Up With Workaround to US Sanctions
Beijing and Washington are getting ready for the final talks
US-China Trade War Reaches Next Level
Roma May Drag Moscow and Brussels Into Major Financial Crisis
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Stock and commodities markets
Masterforex-V Names Biggest Stock Exchanges
Oil Prices May Skyrocket to $400/b if Iran Blocks the Strait of Hormuz
Blocking the Strait of Hormuz will inevitably trigger a global energy crisis while pushing oil prices to unseen heights, maybe even all the way up to $400/b. This is what the experts interviewed by PRIME think about the situation.
Higher OPEC+ Production Quotas Won’t Raise Oil Prices, Kudrin Says
Chairman of the Russian Accounts Chamber Alexei Kudrin assumes that the OPEC+ participants’ decision to increase the daily oil production quotas won’t affect international oil prices.
Trump Urges OPEC to Raise Their Daily Oil Production by 2M Barrels
Donald Trump claims that the OPEC should raise their daily oil production by 2 million barrels. During his interview to Fox News, he accused the oil cartel of manipulating oil prices.
OPEC+ Participants Want to Make the Deal Indefinite but Without Quotes
According to Russian Minister of Energy Alexander Novak, the leaders of Russia and Saudi Arabia decided to extend the OPEC+ deal. The minister said that this decision to make the deal indefinite in time took place not so long ago in Moscow.
Saudi Arabia Raises Oil Prices for Asian and European Buyers
Saudi Arabia is reported to have raised oil prices for Asian and European importers. This is confirmed by Bloomberg.
Market Players Play Oil Price Guessing Games
The international market of crude oil seems to be in panic. Yet, the panic is snowballing. The reason for that is said to be the statement made by Russian Energy Minister Alexander Novak about the possibility of easing the OPEC+ deal in June 2018, which came as a surprise to the international trading community.
USA Outpaces Russia to Become World’s Biggest Oil Producer
In March 2018, the United States outpaced Russia in terms of oil production. This means that the USA is now the biggest producer of crude oil in the world.
Crude Oil Goes Above $80/b, Morgan Stanley Improves Oil Forecast
On Thursday, May 17th, Brent oil exceeded $80/b for the first time in 3,5 years. The last time the price reached this level was on November 25th, 2014.
Oil Prices At $79/b, Russian Ruble Still Weak. Why?
On Tuesday, May 15th, Brent oil reached $79/b. Strange as it may seem, the Russian Ruble hasn’t reacted to this so far, even though this always has been a positive sign for Russia’s national economy and currency heavily reliant on crude oil prices. Moreover, the currency has been going slightly down for a while despite being backed by higher oil prices.
Russia Isn’t Interested In OPEC+ Anymore
Right in advanced of the forthcoming OPEC+ summit some experts doubt that Russia is still interested in the agreement. The strategic objectives of the OPEC+ deal are almost reached. The imbalance in the global oil market has almost been eliminated. The cost of a barrel of Brent oil has increased by more than 100% since late 2016. At this point Brent oil is trading above 70 dollars per barrel. On Q1 2018, the OPEC made 400 million dollars a day more than 12 months before.
