Quotes on oil today continued their decline, confirming analysts' forecasts regarding instability in the commodity market. The ability of the United States at any time to increase production, seriously hampering OPEC plans for "reanimation" of this market. In addition, it is very likely that the world economy will soon again enter a recession, and the brunt will be on countries whose economy is based on the export of raw materials.

In the course of trading on the COMEX (New York Mercantile Exchange), the January futures contract for WTI crude fell to $52.48 a barrel, which means a decrease of 0.19% or 0.10 points. According to experts, in the short term, this asset will be traded within the corridor of $50.35 - $53.27 per barrel.

WTI Crude

At the same time, during the trading session on Friday, on the ICE exchange, the February futures contract for Brent crude reached $61.29 a barrel (-0.26% or 0.16 p.).

Brent Crude

The USD index, which shows the strength of the US dollar relative to the weighted average trading basket of six major world currencies, added to the level of 97.655 (+ 0.62% or 0.599 p.).

Take advantage of analytical materials and professional advice that is available to each partner of companies from the top binary options brokers!