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.
EU Session Analysis for CFD Instruments 26/03/2024
Fundamental analysis
26 March, 2024
Crude Oil is trading slightly lower today from yesterday’s increase opening in the Asian session above the $81 level.
Crude oil futures dipped slightly on Tuesday despite a projected tight supply.
Reports stated that Russia has asked refineries to cut oil output in the second quarter of 2024 to meet lower targets set by OPEC+.
Russia aims to produce 9 million barrels per day, down from 9.5 million in February. Additionally, ongoing drone attacks by Ukraine on Russian refineries, such as the Kuibyshev refinery, are impacting production.