Oil prices retreated from session highs on the background of the controversial news flow about the possible freezing of oil production at the end of the month.
Russia and Saudi Arabia, which control the production of more than 21% of world oil, on the margins of the G20 summit in China signed a joint statement in order to stabilize the oil market. Oil prices have soared by more than 5% in anticipation of this event. Thus, the cost of the futures on Brent crude oil rose by 5.4%, to $ 49.15 a barrel.
However, soon after the statement prices retreated from session highs. By 13:00 GMT Brent crude oil traded near $ 47.50 per barrel (+ 1.4%) and WTI futures traded at $ 45.20 (+ 2.3%).
The two world's largest oil producer intend to establish a working group for monitoring the oil market and to make recommendations to ensure its stability. It is expected that in October, Russia and Saudi Arabia to hold the first meeting of the working group on oil and gas cooperation. In addition, the ministers will hold regular meetings on the "margins" of the ministerial meeting of the International Energy Forum (IEF) in Algeria and the November meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna.
"Investors had hoped that Russia and Saudi Arabia will manifest more specific statement on the limitation of production," - said Naeem Aslam of Think Markets.
The cost of the October futures for WTI rose to 46.53 dollars per barrel.
October futures for Brent crude rose to 49.40 dollars a barrel on the London Stock Exchange ICE Futures Europe.
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.