empty
 
 
pk
سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

04.02.201916:33 Forex Analysis & Reviews: Oil becomes cheaper, American companies reduce production

Long-term review

Exchange Rates 04.02.2019 analysis

According to the report of the oil service company Baker Hughes, for the period from January 28 to February 1, US energy companies reduced the number of oil drilling rigs by 15 units, to 847 wells, the minimum in the last eight months.

Oil companies began to cut costs due to forecasts of a decrease in oil prices in comparison with 2018.

Today, the cost of futures for American oil WTI as of 17:00 Moscow time decreased by 1.21% to $ 54.59 a barrel.

The number of active rigs is an early indicator of the volume of future oil production. Currently, the indicator (847) is significantly higher than last year's (765), as the company in 2018 significantly increased production against the backdrop of an increase in the price of oil on the world market.

Roman Agafonov,
Analytical expert of InstaSpot
© 2007-2024
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.

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.