The possibility of an energy crisis when OPEC simultaneously red
Updated
Israeli forces have entered Gaza City, ending a siege in areas where the main forces of the Palestinian militant group Hamas are based. However, you will face many challenges when fighting in the city. The city is overcrowded.
At the close of trading on November 2, oil prices rose more than $2, ending a three-day losing streak as risk appetite returned in financial markets, supported by the Federal Reserve's decision to keep interest rates on hold. . ) and the Bank of England.
Brent oil futures increased by 2.22 USD, or 2.6%, to 86.85 USD/barrel, while US WTI oil futures increased by 2.23 USD, or 2.8%, to level of 82.67 USD/barrel.
According to Reuters, US policymakers struggled at a two-day policy meeting in midweek to determine whether financial conditions were tight enough to control inflation. whether an economy that continues to perform better than expected may still require additional restraint measures. And finally, after much hesitation and consideration, the Fed decided to keep the standard interest rate unchanged at 5.25% - 5.5%.
Oil investors have been closely following the Fed's policy decisions and are concerned that a sharp interest rate hike could slow the economy and reduce energy demand.
At the close of trading on November 2, oil prices rose more than $2, ending a three-day losing streak as risk appetite returned in financial markets, supported by the Federal Reserve's decision to keep interest rates on hold. . ) and the Bank of England.
Brent oil futures increased by 2.22 USD, or 2.6%, to 86.85 USD/barrel, while US WTI oil futures increased by 2.23 USD, or 2.8%, to level of 82.67 USD/barrel.
According to Reuters, US policymakers struggled at a two-day policy meeting in midweek to determine whether financial conditions were tight enough to control inflation. whether an economy that continues to perform better than expected may still require additional restraint measures. And finally, after much hesitation and consideration, the Fed decided to keep the standard interest rate unchanged at 5.25% - 5.5%.
Oil investors have been closely following the Fed's policy decisions and are concerned that a sharp interest rate hike could slow the economy and reduce energy demand.
Note
BUY USOIL 83.00 - 82.80TP : 85.00
SL : 82.20
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