Oil contract prices soared after OPEC confirmed last week’s rumours, announcing a cut of more than 1 million barrels a day, equivalent to about 3% of production. The White House (USA) reacted immediately, accusing the organization of being “reckless”, as limiting production generates a shortage of supply, causing an appreciation of oil that, in the...
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Market Analysis: Oil Soars on OPEC’s Cut
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Traders strive to find the most advantageous trading conditions and the greatest potential for profits in Forex trading. In today’s trading landscape, automation and efficiency have emerged as two critical factors. To achieve success, traders must consider how to integrate these elements into their trading strategy, beginning with the proper technology infrastructure. Trading can be...
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