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The oil market again demonstrates increased volatility as Brent quotes fluctuate in the range of $59- $60 per barrel. Two factors exert pressure on the oil rate today - the loss of investor interest in risky assets against the background of weak data on China's foreign trade, as well as the approximation of a vote in the British House of Commons on Brexit.
As is known, Chinese economic statistics often serves as a leading indicator of future global economic recovery rates. Accordingly, the depressing data on the volume of imports (decreased by 7.6%) and exports (decreased by 4.4%) led to the emergence of new concerns about a slowdown in global growth.
Today we should pay attention to the results of the vote on the Brexit agreement in the British Parliament. The lack of a deal will lead to a decrease in Brent oil prices since Brexit without a deal could trigger a financial crisis in England, which will be another threat to global demand for hydrocarbons.
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
