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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.
70.41% 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. 70.41% 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 12/06/2024
Fundamental analysis
12 June, 2024
Crude Oil is trading today in the European session above the $78 level.
Oil prices experienced an increase on Wednesday, propelled by optimistic global demand predictions from the U.S. Energy Information Administration (EIA) and OPEC. This boost was further supported by data indicating a larger-than-anticipated decrease in U.S. crude inventories.
The EIA revised its forecast for world oil demand growth in 2024 to 1.10 million barrels per day, up from 900,000 bpd. Concurrently, OPEC upheld its projection for robust demand growth, fueled by expectations of increased travel and tourism in the latter half of the year.
However, the previous week witnessed a decline in prices exceeding 2% following OPEC and its allies' announcement of plans to phase out output cuts beginning in October.
