• Trade Magnates on Facebook
  • Trade Magnates onTwitter
  • Trade Magnates YouTube Channel
  • Trade Magnates on LinkedIn

© 2019 Trade Magnates. All Rights Reserved

Risk Disclosure: Trade Magnates will not accept any liability for loss or damage as a result of reliance on the information contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.
Trade Magnates would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Hence, Trade Magnates doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.

Please be also aware that any content in relation to trading signals, technical analysis or any similar information/content, may not be accurate and you should seek multiple information and make your own trading decisions. 
Contact us: info@trademagnates.com Location: United Kingdom


Oil Prices Dropped Amid Changes on Demand Forecasts

Oil prices declined on Wednesday as the US Energy Information Administration, EIA, cut its forecasts for 2019 world oil demand growth, trading at $52 per barrel.

The EIA, in its monthly report, has lowered its 2019 world oil demand growth forecast by 160,000 barrels per day to 1.22 million bpd. The American Petroleum Institute (API) reported an unexpected increase in crude oil stockpiles as well which led to this drop in proces.

Investors and analysts are eying on the official weekly data from US Energy Information Administration later today while waiting on the OPEC meeting which was suggested to be moved by Russia to the 3rd-4th July instead of June 25th.

#Oil #commodities #opec #US #trading #russia #trademagnates