All brands of oil surely add to the price, which can be primarily explained by the impulsive reaction of market participants to statistical data that indicate a decrease in the production of raw materials by OPEC+11 countries.

At this point, in the European markets, the quotations of the February futures for American oil WTI added to the level of $52.76 per barrel, which means an increase of 1.33% or 0.69 points. According to analysts of companies from among the most reputable brokers of binary options, in the short term, we should expect that the quotes for this asset will fluctuate within a narrow currency band of $50.38 and $52.92 per barrel.

WTI Crude Oil (Nymex)

During trading on the ICE, the March futures contracts for Brent crude went up by 1.31%, or 0.89 p., reaching $61.98 a barrel. Futures on the USD index, which shows the strength of the US dollar against a basket of six major world currencies, fell by 0.03% or 0.028 points, reaching a level of $95.685.

Brent Crude (ICE)

In order to get the most out of every dollar invested in assets, you should constantly develop your analytical skills, think carefully about your trading strategy and periodically monitor the dynamics of quotes. In this, consultants of companies from the top binary options brokers can best help you!