Skip to main content

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.31% 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.

78.31% of retail investor accounts lose money when trading CFDs with this provider.

Oil is up to grow further

UBS raises Brent crude price forecast for year-end by $5/bbl to $95/bbl, and WTI by $6/bbl to $91/bbl.
Oil demand remains solid and is set to breach 103m b/d mark in August for the first time
With OPEC+ crude production close to a two-year low due to Saudi Arabia and Russia’s production curbs, the oil market is tightening up
Despite weak Chinese economic activity, data from tanker trackers suggest that waterborne crude imports in China have been very strong so far in August