Oil prices are falling. One of the reasons for the fall of "black gold" is associated with a slowdown in the global economy.
Forex forecasts and market outlooks
High-quality Forex forecasts and financial market reviews from professional analysts are added daily!
Clients of the Tifia broker get exclusive access to high-quality materials from independent analytical agency Claws&Horns in their Client Cabinet: technical and fundamental market analysis, Forex economic event calendar, currency, stock, index and cryptocurrency forecasts, trading indicators signals and much more.
19.08.2019 - 13.08.2019
Yesterday, oil quotes fall and today dropped to the area of 53.70. Investors fear the beginning of a recession in the USA, reflected by an inverted yield curve of ten-year and two-year US bonds.
On Tuesday, the price of oil rose after Washington announced its intention to postpone the introduction of trade duties on Chinese goods.
For the second month, oil quotes have been trading within a downward channel.