Oil quotes are declining within the correction, trading at 64.90.Yesterday, the US Department of Energy released a renewed forecast for energy prices for the near term. According to the report, this year, the average oil price will be $60.67 per barrel, and in 2022 it will decrease to an average value of $58.51 per barrel. The forecast deals with Brent Crude Oil, therefore, WTI Crude Oil will cost 2–3 dollars cheaper, which is significantly low...
Gold quotes, which retreated to global support at 1700.0 as a result of a strong push in the USD Index, are correcting upward, trading at 1712.0.A short-term impetus to the precious metals market was given by statistics from China. February Consumer Price Index accelerated growth to 0.6%, beating expectations of a 0.4% increase. Also, the Producer Price Index rose 1.7%, with an expected increase of 1.5%.A longer-term positive driver for gold is a...
Current trendWTI crude oil quotes are increasing today, developing the "bullish" signal formed on Wednesday. The instrument is supported by the preliminary results of the OPEC+ meeting, where the ministers continued to discuss the policy of maintaining supply restrictions. In particular, Saudi Arabia is unilaterally considering the possibility of reducing production by an additional 1M barrels per day at least until April.In turn, the pressure on...