Analysts believe the purchase of oil is beneficial, but few people dare to actively invest in cheap asset investment.
A strong wave of market speculators. "The trends and signs of slowing global economic growth have deteriorated, but investors can not even escape the direct positive programs on the horizon.
"There are only four weeks after the end of the year, many of the managers are inactive, they want to earn some money in the light of new news headlines and upcoming events," – said Tariq Sahar, an analyst at Tyshe Capital Advisors' Investment Company.
An uncertainty comes from the macro-economic atmosphere that investors can not understand, an analysis of Goldman sauce. A bank spokesperson said that the fall in the freight segment has been a long-term fall. Eventually, investors will return to the long run.
"The uncertainties in the warship and the siege from Iran have been filled with relief, preventing the players from positioning based on the basic marketing factors in the US," Goldman explained.
Some experts say that all these fears are oddly distressed, and sales are very violent because of liquidation of purchasing positions. In the last week, the longest futures of the WTO futures have come down to one year. By January, the growth rate fell by more than 50 percent.
Now there is no point in producing oil. Additionally, the price may increase as new negative news pressure increases, Herbert J. Says Sirald & Company Vice President, Donald Morton. One of these triggers could be in the G-20 summit in Argentina, where leaders of Saudi Arabia, Russia and the US will participate. But the oil market could be influenced by the US-China trade negotiations with economic growth and the possibility of global oil demand.
OPEC + Summit on December 6 in Vienna. Saudi Arabia is preparing a plan to prevent a million barrels of oil production per day. Russia, which makes a record-breaking record, is suspected to be involved in the deal. Global black gems have surged in the shale-based demand for crude oil in the US. According to the Ministry of Energy, US energy production stood at a record 11.7 million barrels a day in the US.
On the other hand, imported crude oil has been importing it for 10 weeks continuously. In recent months, the global demand for OPEC countries in 2019 has been revised. In November, the country's 1.45 million barrel was cut by 1.29 million barrels per day.
The OPEC + group will be more clarified as the Saezis automatically agree that a day will be less than 1 million barrels per day. Otherwise, manufacturers will have to undergo more price rise, warners of TD securities warn.
This is the lowest in 13 months
Drop the oil in the hedge funds
How would a decline in oil prices, Russia, global economy, inflation and major central bank policies