empty
in
सहायता
तुरंत खाता खोलना
ट्रेडिंग प्लेटफॉर्म
जमा/ निकासी

25.12.202012:38 विदेशी मुद्रा विश्लेषण और समीक्षा: Saxo Bank: Oil prices to fall due to COVID-19 mutation

Exchange Rates 25.12.2020 analysis

Recently, it became known that the coronavirus mutated and a more infectious genetic variant appeared. Experts believe that this could lead to a 10% drop in oil prices due to possible lockdowns. Nevertheless, in 2021, oil will rise in price, but the short-term prospects for oil have worsened.

On December 14, the UK Ministry of Health announced the discovery of a new type of coronavirus. Medical experts noted that the new type of virus is spreading faster than the "familiar" SARS-CoV-2. The new genetic variant of the coronavirus may be 70% more infectious.

Today, the price level of $51-52 per barrel is likely to be the maximum, as there is no steadily growing demand, experts say. Brent may drop by 10% to $46 per barrel before finding support. However, news about the start of coronavirus vaccinations may support the oil market.

Today, December 25, oil prices increased slightly during the trading.

WTI crude futures for February delivery grew by 0.37% to trade at $48.24 per barrel. Brent crude for March delivery rose by 0.25% to hit $51.37 per barrel. The difference in price between the Brent and WTI contracts is $3.07 per barrel.

Exchange Rates 25.12.2020 analysis

Exchange Rates 25.12.2020 analysis

The US Dollar Index, which measures the US dollar against a basket of six major currencies, rose by 0.10% to trade at $90.250.

Kate Smirnova,
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.

See Also

फोरेक्स न्यूज़
  • 2025-04-08 21:22:23
    Soybeans Rebound as Investors Await Tariff Developments
    2025-04-08 21:22:23
    Latvian Inflation Eases in March: A Year-Over-Year Analysis
    2025-04-08 21:22:23
    Latvia's Consumer Price Index Inches Upward, Signals Economic Dynamics in March
    2025-04-08 21:22:23
    U.S. Small Business Optimism Falls in March, Reaches 97.4
    2025-04-08 21:22:23
    Turkish Lira Hovers at Record Low
    2025-04-08 21:22:23
    Russian Federal Budget Deficit Soars in Jan-March
    2025-04-08 21:22:23
    Croatia Producer Prices Stall in March
    2025-04-08 21:22:23
    UK 30-Year Gilt Auction Sees Yield Climb to 5.357% in April 2025
    2025-04-08 21:22:23
    German Bund Yield Remains Close to 1-Month Low
    2025-04-08 21:22:23
    Hungary's Budget Deficit Shrinks in March
  • 2025-04-08 21:22:23
    Crude Oil Falls to 4-Year Low
    2025-04-08 21:22:23
    Vehicle Production in Brazil Down 12.6% in March
    2025-04-08 21:22:23
    US Stocks Lose Momentum
    2025-04-08 21:22:23
    Brazilian Real Weakens to 1-Month Low
    2025-04-08 21:22:23
    U.S. 3-Year Note Auction Yield Declines to 3.784%
    2025-04-08 21:22:23
    Copper Falls to 4-Month Low
    2025-04-08 21:22:23
    Canada 10-Year Bond Yield Rebounds Further
    2025-04-08 21:22:23
    Zinc Futures Approach 4-Year Low
    2025-04-08 21:22:23
    Brazil Budget Deficit Above Expectations
    2025-04-08 21:22:23
    Kenya Lowers Key Policy Rate for 5th Time
  • 2025-04-08 21:22:23
    Baltic Dry Index Continues to Fall
    2025-04-08 21:22:23
    Canadian Dollar Near 4-Month High
    2025-04-08 21:22:23
    Turkey’s Treasury Cash Balance Improves Amid Economic Adjustments in March
    2025-04-08 21:22:23
    Canada Ivey PMI Eases
    2025-04-08 21:22:23
    Kenya's Central Bank Eases Monetary Policy: Interest Rates Lowered to 10%
    2025-04-08 21:22:23
    Canada’s Ivey PMI Declines in March, Ending Consistent Growth
    2025-04-08 21:22:23
    Canada's Ivey PMI Shows Positive Growth in March
    2025-04-08 21:22:23
    Brazil's Auto Sales Decline Further in February
    2025-04-08 21:22:23
    Brazil's Auto Industry Takes a Significant Dip in February's Production Numbers
    2025-04-08 21:22:23
    German Bund Yield Rebounds
  • 2025-04-08 21:22:23
    TSX Rebounds From 7-Month Lows
    2025-04-08 21:22:23
    US Natgas Prices Rise from 7-Week Low
    2025-04-08 21:22:23
    Ibovespa Rebounds on Tuesday
    2025-04-08 21:22:23
    European Stocks Rebound after Big Sell-Off
    2025-04-08 21:22:23
    Wall Street Rallies on Tariff Talk Hopes
    2025-04-08 21:22:23
    U.S. Retail Sales Surge with Redbook Index Climbing to 7.2% Year-Over-Year
    2025-04-08 21:22:23
    US 10Y Bond Yield Rises Above 4.2%
    2025-04-08 21:22:23
    US Stock Futures Jump on Tariff Talk Hopes
    2025-04-08 21:22:23
    Chile Inflation Rate Rises to 4.9% in March
    2025-04-08 21:22:23
    Chile's Core CPI Sees a Slight Uptick in March
  • 2025-04-08 21:22:23
    Chile's CPI Continues Slow Climb in March
    2025-04-08 21:22:23
    Brazil's Debt-to-GDP Ratio Rises to 76.2% in February
    2025-04-08 21:22:23
    Brazil's Budget Surplus Turns to Deficit in a Dramatic February Shift
    2025-04-08 21:22:23
    Brazil's Budget Balance Sinks with Record Deficit in February 2025
    2025-04-08 21:22:23
    Brazil Reports Increase in Net Debt-to-GDP Ratio for February
    2025-04-08 21:22:23
    Israel's Budget Deficit Widens in March 2025, Reaching $13 Billion
    2025-04-08 21:22:23
    Sensex Snaps 3-Day Losing Run
    2025-04-08 21:22:23
    Ireland Industrial Output Growth at Over 2-Year High
    2025-04-08 21:22:23
    US Small Business Sentiment Weaker than Expected
    2025-04-08 21:22:23
    Latvia Inflation Rate Slows to 3.3%
  • 2025-04-08 21:22:23
    Soybeans Rebound as Investors Await Tariff Developments
    2025-04-08 21:22:23
    Latvian Inflation Eases in March: A Year-Over-Year Analysis
    2025-04-08 21:22:23
    Latvia's Consumer Price Index Inches Upward, Signals Economic Dynamics in March
    2025-04-08 21:22:23
    U.S. Small Business Optimism Falls in March, Reaches 97.4
    2025-04-08 21:22:23
    Turkish Lira Hovers at Record Low
    2025-04-08 21:22:23
    Russian Federal Budget Deficit Soars in Jan-March
    2025-04-08 21:22:23
    Croatia Producer Prices Stall in March
    2025-04-08 21:22:23
    UK 30-Year Gilt Auction Sees Yield Climb to 5.357% in April 2025
    2025-04-08 21:22:23
    German Bund Yield Remains Close to 1-Month Low
    2025-04-08 21:22:23
    Hungary's Budget Deficit Shrinks in March
  • 2025-04-08 21:22:23
    Crude Oil Falls to 4-Year Low
    2025-04-08 21:22:23
    Vehicle Production in Brazil Down 12.6% in March
    2025-04-08 21:22:23
    US Stocks Lose Momentum
    2025-04-08 21:22:23
    Brazilian Real Weakens to 1-Month Low
    2025-04-08 21:22:23
    U.S. 3-Year Note Auction Yield Declines to 3.784%
    2025-04-08 21:22:23
    Copper Falls to 4-Month Low
    2025-04-08 21:22:23
    Canada 10-Year Bond Yield Rebounds Further
    2025-04-08 21:22:23
    Zinc Futures Approach 4-Year Low
    2025-04-08 21:22:23
    Brazil Budget Deficit Above Expectations
    2025-04-08 21:22:23
    Kenya Lowers Key Policy Rate for 5th Time

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
 

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.