logo |

News

    Home   >     Industry    >     Main body

    Express
    Previous Post： The Most Important Elements of Determining Currency Value for Traders Next： Choosing Right Forex Broker to Reduce the Risk

    ​Oil Rallies to Six-Month High on AstraZeneca’s Vaccine Breakthrough

    WikiFX   |   2020/11/24 7:35:37
    Abstract： On Monday, WTI crude refreshed the recent high to $43.35 with an intraday gain exceeding 2%.

    　　WikiFX News (24 Nov.) - On Monday, WTI crude refreshed the recent high to $43.35 with an intraday gain exceeding 2%. Although the rebound has pushed oil to approach a six-month high of $43.77, market volatility may send uncertainties to oils short-term uptrend.

    　　AstraZeneca said on Monday its Covid-19 vaccine could be up to 90% effective. It has no serious side-effects and is less expensive than the vaccines of Pfizer and Moderna. Such news may mitigate oils downward pressure that arises from restrictions.

    　　At the same time, oil prices will gain additional upsides if OPEC+ announces a delay of three to six months to the planned oil-output increase at the ministerial meeting in December.

    　　Besides, the DXY has embraced a rally as recent data shows a reviving US economy. Nonetheless, investors should be alert to short-term uptrend or uncertainties in oil prices since Brexit has entered a critical phase.

    　　The oil will potentially rebound to $43.50 or even $45.0 in a short period. In the medium term, it is expected to challenge $45.0 or even $50.0 if a firmer footing is effectively established at $39.30. However, a breach below $39.30 may pull it back to $37.50.

    　　All the above is provided by WikiFX, a platform world-renowned for forex information. For details, please download the WikiFX App: bit.ly/wikifxIN

    分析-11.24.png

    　　Chart: Trend of WTI Crude

    Latest News

    Rate Calc

    United Arab Emirates Dirham

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  ：
    --
    Amount
    United Arab Emirates Dirham
    Available
    -- United States Dollar

    You may also like

    Select Country/Region

    About Us| Risk Warning| Terms of Use| Privacy Policy| Search call| Official Verification

    You are visiting the website of WikiFX. In addition, its website and mobile product—WikiFX, is a global inquiry tool for enterprise profile that is operated by Wiki Co., LIMITED (Registration No.2806237) based in Hong Kong Special Administrative Region of China. Users should comply with the law of their countries/regions.

    Feedback WeChat:fxeye005, fxeye003

    Customer Service Phone Number：（中）4006888219;（En）+86 17126630052;（HK）+00852 54200870

    Copyright©2021 Cipher Group Limited All rights reserved.

    License or other information error correction, please send the information to:QA@wikifx.com;

    Cooperation:fiona.cao@wikifx.com

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.