Oil is rising, but remains weak on expectations of OPEC meeting

During
Asian trading oil rose slightly,
but futures for Brent all
still remain weak. By 10.53 MSK Brent
January delivery costs $ 44.99,
adding 0.94%. WTI has risen
by 0.85% to $ 42.

traders
still remain confident
that OPEC will not reduce their
production at a meeting on Friday. In their
According to Saudi Arabia will keep
producing consistently high, even
in a price reduction.

Analysts write:
"There is a real risk that we
We see and even lower prices. perspective
demand is not as great to move
quotes seriously up, and now we
We see only a temporary rebound. "

Declining
production in China showed the new
signs of weakness in the economy, and therefore,
this will lead to a new decline in demand.

Analytical
ANZ department set
and pessimistic about the US
varieties: "WTI could fall
up to $ 40 in the coming weeks,
if the stocks of raw materials will not fall in
according to seasonal characteristics".

major players
Market act according to the situation:
bullish bets of hedge funds in the US
Oil falls to five-year low.

also, the participants
Oil markets are waiting for the ECB's decision on Thursday.
If at the end of the meeting will increase the euro,
it is able to support oil prices
and give the market a small rally. easing
dollar - a positive factor for oil
quotes, since it makes contracts
denominated in USD, cheaper
for holders of other currencies. True,
we must understand that the hopes for strengthening
euro against the dollar is very small.

In Saudi Arabia unexpected reshuffle

In Saudi Arabia - an unexpected reshuffle , but the oil still falls Yesterday all of a sudden the king of Saudi Arabia, Salman withdrew from his younger...

Russia increases gold reserves

Russia increases gold reserves at record pace At that time, while the prices Gold in global markets as a whole November decline, Russia's central bank It...

Speculators increasing their short

Speculators increasing their short positions in Brent After rising by more than 50% in the period from February to March, the oil is rapidly becoming...