Asian oil markets have considerably tightened after a little more than a year of OPEC-initiated output reduction, as big volumes of stored crude have been unloaded from tankers and transported to customers in the region.
Oil prices slightly dropped on Tuesday expecting the info on U.S. crude inventories, as traders compared the effect of growing U.S. oil...
Oil prices as a factor of influence on the world financial markets
Oil plays an important role on the world markets. Traders and investors know that oil quotes have a major impact on the world economy because of their change can cause a strong growth or, conversely, become a reason of reduction in price of assets in the currency and stock markets. The dynamics of crude quotes is determined to a greater extent, by the economic situation in the United States of America. To predict effectively changes in trading on the stock markets, it is necessary to monitor all developments on the oil market.
Analyse the impact of oil prices on the financial markets
The world oil market is one of the most volatile that makes it even more attractive to investors and giving them an convenient method of investments with low risk. There are plenty of factors which have influence on the oil prices: political events, financial reports and even the weather changes. A timely analysis of all the actual news of the oil market is the key to successful trading.