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The Oil Market Review as of December 25, 2017
27-12-2017
During the final trading session last week, the price of February futures for a Brent Crude Oil barrel (ICE Futures) appreciated by $ 0.35 (+ 0.5%), reaching the mark of $ 65.25. The February contract for a WTI Crude Oil barrel (NYMEX) has gained $ 0.11 (+ 0.2%), gaining a foothold of $ 58.47.
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Agreement between OPEC and Russia to extend the Oil Cut Deal terms by the end of 2018 has been reached
2-12-2017
Yesterday in Vienna, at the OPEC + 11 summit, an agreement was reached to extend the Oil Cut Deal terms by the end of 2018. This pact is designed to restore oil prices at the level of 2013, when a barrel was worth a lot more than $ 100.
Some summit participants have noted the fact that they are considering the possibility of refusing to participate in this agreement in the event that the market situation proves to be unprofitable for the economy of their states.
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Main Stock Indices Dynamics of the Asia-Pacific Region Countries as of November 27, 2017
29-11-2017
On Monday, by the time of closing of the trading platforms of the Asia-Pacific region countries, the main stock indexes had been marked by negative dynamics of quotations. The reason for the downward trend has been the situation on the stock market of China, where the decline in the majority of shares of large high-tech giants has been noted. It should be especially emphasized that in this sector the decline has been observed for more than one week, with a short break during the trading session on Friday.
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Nikkei 225, the main stock index of Japan, has closed the Monday’s trading session in the red zone
22-11-2017
Nikkei 225, the main stock index of Japan, has closed the Monday’s trading session in the red zone. The index has lost 0.62% since the stock exchange opening. The reason for the Nikkei 225 depreciation is the unsatisfactory statistics of the largest electric and gas companies, as well as the fall in securities quotations of enterprises operating in the pulp and paper industry and in the water supply sector. The volatility index, the Nikkei Volatility Index, has been appreciated up to the mark of 20.06 (+ 4.42%).
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Final results of the trading session on the stock exchanges of the Asia-Pacific region
17-11-2017
While studying the final results of the trading session on the stock markets of the Asia-Pacific region, one can easily understand that the downtrend trend is dominant now. The companies from the energy sector have been affected to a greater extent and as a result of the quotation of securities traded mainly in the red zone. As an example, we should consider the Japan Petroleum shares dynamics, which have lost as much as 4% by the close of the session.
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Oil quotations dynamics at the moment is directly dependent on statistics from the United States
16-11-2017
Studying the latest data from the oil market, the experts of companies from the "Top Binary Options Brokers" section have noted the fact that at this point the assets quotations depend more on statistics from the US, where reports on raw material volumes in the stores will be published soon. Now the press is actively circulating unofficial data, according to which oil reserves fell by 2.8 million barrels last week.
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Review of the dynamics of the major commodity assets quotations as of November 10, 2017
12-11-2017
On Friday, November 10, 2017, by the beginning of the trading session on the leading European stock exchanges, a depreciation for the commodity asset "Gold" has been noted. During the auction on the COMEX, the December futures contracts for gold have fallen back to the level of $ 1.284.96 per troy ounce, which means a depreciation in quotations of 0.20% compared with the Thursday’s final mark.
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Oil assets appreciating against the backdrop of rising tensions in Saudi Arabia
8-11-2017
This week, the trading sessions have started quite quickly, marking an increase in the activity of traders in the oil market. By the close of the session on the Asian trading platforms, oil assets had been appreciated due to two main factors: a tense atmosphere in the royal family of Saudi Arabia and a decrease in drilling activity in the United States. In the first case, it should be noted that the crisis in the royal family of Saudi Arabia has been worsened after the death of eight dignitaries (including the Prince Mansour bin Mukrin) as a result of the helicopter craft.
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