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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.
EU Session Analysis for CFD Instruments 17/01/2024
Fundamental analysis
17 January, 2024
Crude oil is trading today at 72.00.
Crude Oil Prices fell slightly on Wednesday as investors saw fundamentals weakening in the US but the ongoing naval and air conflicts in the Red Sea increased concerns of tankers having to reroute to avoid the area, increasing costs and the amount of time for deliveries.
China’s economy in the fourth quarter expanded by 5.2% from a year earlier, which missed analyst expectations and calls into question forecasts that Chinese demand will propel stronger global oil growth in 2024.
Despite the less-than-expected economic growth, China’s oil refinery throughput in 2023 rose 9.3% from a year earlier to a record, indicating the country’s oil demand is elevated if not at the pace that some analysts are expecting.
