With the being at the highest level for the last thirty years on a seasonal basis, oil is losing value after increasing the number of active oil wells by the U.S. corporations. Oil futures contracts in New York fell 0.7% today after losing value of 0.2% at the closing period of last week. According to the limiting oil production speculations on the market at the last times with Petroleum Exporting Countries (OPEC) decision, fluttered around the 50 USD level for per barrel.  OPEC will create a committee about solving the problems about the oil production limiting issue, Libyan production cutbacks are also exempted from the decision.

Comment Send

• 

  Global markets are following a quiet trend with starting the Noel holiday

• 

  Sterling showed the worst performance during October

• 

  Fitch Ratings is making evaluations on American Banks after Trump's surprising victory

• 

  China foreign trade surplus increased in January

• 

  Moody's focuses on the increasing risk factors

• 

  Employment recovery continues in the USA

• 

  The expectation of interest increase by Fed is getting stronger

• 

  The foreign trade deficit of the USA reached the highest level at the last years

• 

  The Crude Oil Futures are on the Decline Side with the latest developments

• 

  Gold prices are decreasing against USD