Company-News.jpg
  1.  »  COMPANY NEWS
  2.  »  ANALYSIS

Analysis




Weekly's Oil Pries

on 2021-06-15

Crude oil prices have continued to rise sharply since the third week of May 2021, from $ 60.50 a barrel to a mid-June high of $ 71.70 a barrel. 

Earlier this week, oil prices seemed to be a bit stagnant and traded between $ 71.70 and $ 70.50, due in part to concerns over tightening and planned a four-week lockdown in the United Kingdom.

According to "The CORONAVIRUS PENDAMIC", the Prime Minister of the United Kingdom, Boris Johnson, continues to tighten and close the high-risk area for 19 weeks for up to four weeks, as the number of infections increases every year. Today, in July 2021, two/thirds of the UK population will be fully vaccinated against.

Meanwhile, China has announced restrictions on its border crossings for passengers and trade. According to the website, a large number of foreign companies are facing difficulties and challenges facing the restrictions after their foreign employees returned to reunite with their families they need to quit their job right away.

 

 

China plans to lift the ban by 2022, according to Ding Shuang, chief Greater China Economist at Standard Chartered Bank. "Outside its country, China will lose a lot." The restrictions will lead to inactivity in international trade, but if the border is reopened, people will be able to trade with each other, but China has decided to opt for an international trade deficit.

This week, investors could consider buying and selling crude oil at between $ 72 and $ 67 a barrel.

 

Analyzed By Mr. Nhim Kosol 
Business Manager of Golden FX Link Capital

 

Disclaimer:
Golden FX Link Capital Co., Ltd. endeavors to ensure the accuracy and completeness of this research report. However, as the market is subject to change, the Company and our subsidiaries do not guarantee its completeness and accuracy, and the information is for reference only. Any person shall not regard such information as Golden FX Link Capital Co., Ltd. on leveraged foreign exchange, precious metals, stocks, and other financial products to provide real quotes, suggestions, solicitation, and inducement of investment. Guests should be aware of the risks involved in the investment, the volatility of the investment market and the risk of loss can be very big, guests must carefully consider their own financial situation and investment purposes, to decide the direction of investment and the kind of investment products that are suitable for their owns.


TRADE WITH A TRULY GLOBAL BROKER IN THREE STEPS

Step 1 : Submit your application

Step 2 : Provide documentation

Step 3 : Fund your account