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71% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
70.91% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.
US Session Analysis for CFD Instruments 23/08/2023
Fundamental analysis
23 August, 2023
Crude oil was edging just below $80 at $79.95 at Wednesday's European open. U.S. crude inventories fell by 2.4 million barrels in the week ending Aug. 18, according to the American Petroleum Institute (API). The market had expected a decline of about 2.9 million barrels. Official U.S. Energy Information Administration (EIA) data on U.S. crude oil inventories are expected later in the day. The United States is one of the largest crude oil consumers in the world market. When interest rates rise, the price of commodities in the market increases, which affects demand. Further gains in the market were tempered by prospects for US interest rate hikes and a weak outlook for oil demand in China. Despite concerns over economic recovery, China has yet to take significant policy initiatives to boost growth. These factors also affect oil prices.
