Why didn't you make money on oil??? From September 16 to September 29, Swap Free!
On September 10, 2024, the contract for BRENT crude oil reached a price of $68.44 per barrel — there have not been such low prices since December 2021!
While traders around the world are making the decision "to sell according to the trend or buy while the price is cheaper?", FreshForex offers benefits for any direction of the transaction, completely canceling oil swaps!
When trading #BRENT and #WTI oil contracts, no Swap and Swap Free commissions will be charged until September 29 when transferring positions to the next day.
Oil prices are falling rapidly, which is caused by a number of factors:
- Increased production of raw materials in the United States and other countries not participating in the OPEC+ agreement.
- Reduction of demand from a large consumer - China. In August, demand decreased by 7% year-on-year.
Analysts at Gunvor and Trafigura predict a decline in world prices for Brent crude oil to $ 60 in the near future. In response, eight OPEC+ member countries agreed to extend production restrictions until December 2024. However, the efforts of the participants in the commodity transaction have not yet brought the desired results ...
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Trading in financial markets with margin financial instruments has a high level of risk and may lead to losses and loss of investment funds. When starting trading, make sure that you are fully aware of all the risks, as well as have the appropriate knowledge and experience for trading.
