Forex forecasts and market outlooks

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WTI Crude Oil: general analysis

Today, the movement of oil prices is insignificant. Market participants expect the results of the meeting of the largest exporters of "black gold". In April, the instrument rebounded from the multi-year lows, as Russia, Saudi Arabia, and the United States agreed to hold another round of negotiations in the OPEC+ format.




Brent Crude Oil: oil prices recover

Today, during the Asian session, oil prices grow, despite the opening with a negative gap. Now, the instrument tries to consolidate above 32 dollars per barrel and approaches local highs, renewed last Thursday. Positive dynamics is due to the improving prospects for concluding a new agreement on OPEC+ production limitation.