Fortrade Canada Ltd. as an order-execution only dealer is not permitted to provide you with any advice or recommendations. These Market Commentaries should not be construed as a recommendation, advice or any attempt by Fortrade Canada Ltd. to prompt or influence you in making an investment decision to purchase, sell, hold or exchange any security or to influence the timing of such activity. This content is produced by Fortrade Limited which is not registered in any capacity with any securities regulatory authority in Canada.
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 14/05/2024
Fundamental analysis
14 May, 2024
Crude Oil is trading today in the European session above the $78 level.
WTI crude oil prices have maintained stability within the $77-$80 range over the past week, showing slight weekly gains.
Market attention is focused on upcoming key monthly reports from OPEC and IEA, in addition to eagerly awaited US CPI data and retail sales figures later this week.
Prices remain 10% higher year-to-date due to ongoing production limitations by OPEC and its allies, with expectations high for the extension of these measures into the latter half of the year.