Oil Prices Fell on Wednesday Amid Global Uncertainty

Amid fears the Sino-U.S. trade ward may lead to a global economical drop Oil prices fell 0.4% on Wednesday. Brent Oil was trading at $69.9 while WTI crude futures were at $58.70 down by 0.7%.

Oil declined prices have triggered investor concerns about the global demand and the lack of supply on Oil amid the growing trade war between U.S. and China.

The global demand on the flowing gold is still holding up despite the economic concerns. Investors are more concerned about the physical commodity market credit availability and tightening.

The uncertainty in the global markets and specifically the Middle East region formulates a supply risk that may affect the crude prices dramatically.

OPEC and some allies including Russia are due to meet in late June or early July to discuss output policy going forward.

  • 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: Location: United Kingdom