🛢️Oil hits 5-month low

Oil falls on weak demand, but here's why that can change today

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Oil falls on weak demand, but here’s why that can change today Don’t Be Crude Hello Phan, On Wednesday, oil prices hit a five-month low as new data showed further signs of weak demand. West Texas Intermediate (WTI) fell 4%, while Brent was down more than 3.6%. This could be a bottom for Oil. If it is, the slightest development could send Crude higher. For example, any unexpected escalation of fighting in the Middle East could send Oil back up today. That’s because wars in oil-producing regions often create fear about future oil supplies. Will Oil rise today? Trade Now ** Disclaimer – While due research has been undertaken to compile the above content, it remains an informational and educational piece only. None of the content provided constitutes any form of investment advice. Our Latest Achievements Trading, CFDs, Spread-betting & Options carry risk and could result in the loss of your capital AVA Trade EU Ltd is regulated by the Central Bank of Ireland (No.C53877). AVA Trade Markets Ltd is regulated by the B.V.I Financial Services Commission. Ava Capital Markets Australia Pty Ltd is regulated by the ASIC (No.406684). Ava Capital Markets Pty is regulated by the South African Financial Services Board (FSP No.45984). Ava Trade Japan K.K. is regulated in Japan by the FSA (No.1662) and the FFAJ (No.1574). Read AvaTrade risk disclosure before trading Forex, CFD’s, Spread-betting or FX Options. Forex/CFD, Spread-betting & FX Options trading involves substantial risk of loss and is not suitable for all investors. Copyright © 2007-2023 AVA Trade Markets Ltd. All rights reserved.

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