Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please click here to read our full Risk Warning.

78% of retail investor accounts lose money when trading CFDs with this provider.

Oil prices may set their course for recovery
Oil prices may set their course for recovery

Oil prices may set their course for recovery

Data from the US Energy Information Administration have shown a sharp increase in demand for gasoline and diesel.

Data from the US Energy Information Administration have shown a sharp increase in demand for gasoline and diesel. Such a dynamic may continue as consumption of diesel, among other fuels, remains currently at its lowest seasonal level since 2016. The Goldman Sachs Group Investment bank has confirmed its forecast for Brent crude at $94 a barrel. Rising demand in China could also stimulate the increase of Brent prices.

BRN crude oil

Disclaimer: The information in this article is not intended to be and does not constitute investment advice or any other form of advice or recommendation of any sort offered or endorsed by Libertex. Past performance does not guarantee future results.

Why trade with Libertex?

  • Get access to a free demo account free of charge.
  • Enjoy technical support from an operator 5 days a week, from 9 a.m. to 9 p.m. (Central European Standard Time).
  • Use a multiplier of up to 1:30 (for retail clients).
  • Operate on a platform for any device: Libertex and MetaTrader.
Back
Join Libertex!
Start live trading now
Register
or practice on a demo account

78% of retail investor accounts lose money

Table of contents
Get this report