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

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  Developing Country Assets are losing value after FED, China and Oil Developments

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  Dollar / TL continues to rise before FED decision

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  USD/TRY tried the record level yesterday

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  Global markets focus on safe harbors nowadays

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  Japanese economy feels the pressure

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  Developing Country Markets are following the developments of China

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  FED Interest Expectations are Pricing on the Market

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  The expectations about interest increase is getting stronger

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  Australian economy protects its monetary policy

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  UK Market is giving positive signals to the election decision