Brent Closes In On $80 As Market Ignores Omicron

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Brent crude oil rose by 1.3% which is $1.40, for $79.64 per barrel as of 11:19 GMT. While WTI crude rose by 1.5% which is $1.15, for $76.72. These above mentioned sold highest ever in one month.” Prospect of a big drop in the US crude stocks and big total manufacturing interruption from Nigeria, Lybia and Ecuador also gave some support” said Giovanni Staunovo.

In this month three oil-producing countries revealed that the action of higher forces on their oil production due to maintenance and production stoppage. A preparatory survey by Reuter revealed that U.S. oil stocks might have declined for the 35days straight, as gasoline stocks seem to remain unaltered last week.
EUR/USD Well Supported Above 1.1300 in Controlled, Holiday-Slimmed Trading ConditionsEffect of Corona Virus And Its Variant (Omicron) On The Aviation Sector, Crude Production And Commodity Market
British minister for health revealed that no Covid-19 restrictions will be placed on England in 2021, while the government waits to receive evidence that the country’s healthcare sector can handle Covid-19 contraction rate. Employees shortage caused by Omicron which resulted into lot’s of flight canceling, during Yuletide holiday in America.

Decisions if the intended manufacturing of 400,000 barrels of crude in a day in February should continue or not, shall be made during the OPEC’s meeting slated for January 4, as investors await the result of this meeting. During OPEC’s last meeting, the body resolved to carry on with their intention of boosting production in January, in spite of Omicron. Funds managers increased their net long U.S options and futures within a week to December 21, as reported on Monday by the U.S Raw material Futures Trading Commissions. Speculator group increased its united futures and option positions in England’s capital and New York from 4,634 to 259,093 contracts during this period.

You can purchase crypto coins here:  Buy coins

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *