empty
fr
Assistance
Ouverture rapide de compte
Plateforme de trading
Déposer / Retirer

15.01.201916:22 Forex Analysis & Reviews: How will a Brexit agreement vote affect oil?

Long-term review

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.

Exchange Rates 15.01.2019 analysis

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.

Tatiana Strelkova,
Analytical expert of InstaSpot
© 2007-2025
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Can't speak right now?
Ask your question in the chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaSpot anyway.

We are sorry for any inconvenience caused by this message.