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Don’t miss the opportunity to make a profit, check the USOil trend now>>
Recently, four regions of Ukraine held a “referendum on accession to Russia”, and the geopolitical tension has intensified. In addition, the recovery of crude oil demand from the world’s largest oil importer has boosted oil prices. Investors should concern about Russia and Ukraine news in the short term, which may continue to support oil prices. On the other hand, the European Union is considering imposing new sanctions on Russia, while the Fed might raise interest rates by 75bps on November, the US economic recession signal is getting stronger, which will limit the rise of oil prices. Hence, oil prices may continue its bumpy rend.
The trend of USOil can be paid attention to…
-Latest news on the Russian-Ukrainian war
9/23
-21:45 US Markit Manufacturing PMI Initial Value (September)
-21:45 US Markit Service PMI Initial Value (September)
Which will affect USOil trends, and investors must grasp the opportunity of making orders.
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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.
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