News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:https://t.co/7kPzAoNoLG https://t.co/70xTk6wONn
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.06% 🇳🇿NZD: 0.04% 🇦🇺AUD: -0.10% 🇨🇭CHF: -0.35% 🇨🇦CAD: -0.44% 🇪🇺EUR: -0.45% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/m9ctHYYLA5
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: FTSE 100: -0.15% France 40: -0.45% Wall Street: -1.12% US 500: -1.15% Germany 30: -2.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/H1PbY65ApG
  • 🇩🇪 Ifo Business Climate (OCT) Actual: 92.7 Expected: 93 Previous: 93.4 https://www.dailyfx.com/economic-calendar#2020-10-26
  • Heads Up:🇩🇪 Ifo Business Climate (OCT) due at 09:00 GMT (15min) Expected: 93 Previous: 93.4 https://www.dailyfx.com/economic-calendar#2020-10-26
  • Take a closer look visually at the most influential global importers and exporters here: https://t.co/1G7CRsegRX https://t.co/CtslKYaS2T
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.85%, while traders in EUR/USD are at opposite extremes with 73.88%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/WcrSuBTyRr
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Gold: -0.16% Silver: -1.72% Oil - US Crude: -3.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/aGwj1SwyRm
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: -0.15% 🇳🇿NZD: -0.15% 🇯🇵JPY: -0.24% 🇬🇧GBP: -0.33% 🇨🇦CAD: -0.35% 🇦🇺AUD: -0.42% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/x0PR3hSLqt
  • #CrudeOil plunging over 2.3% as Libya lifts force majeure on oil exports from El Feel oilfield A push back to support at the September low (36.15) looks likely if price can overcome the psychologically imposing $38 mark #OOTT https://t.co/gMxgs2qPTR
CRUDE OIL FUNDAMENTAL FORECAST: Q1 2020

CRUDE OIL FUNDAMENTAL FORECAST: Q1 2020

2019-12-21 10:00:00
Dimitri Zabelin, Analyst
Share:

US-China Trade War Poses Greatest Threat to Crude Oil Prices

Crude oil prices may continue their rise in Q1 of 2020 amid renewed market optimism from the reduced likelihood of a no-deal Brexit and easing trade tensions between the US and China. Year-to-date, Brent has risen just a little under 20 percent. Crude oil prices may be also rise as a result of production cuts by OPEC that are expected to tighten supply as demand for the energy source rises in a perkier sentimental climate.

Total US Shale Oil Production

Brent has been battered by the US-China trade war and the multi-iterated contagion effect the Sino-US conflict has had on other parts of the world. Disruptions in cross-border supply chains in Asia and Latin America have contributed to the global slowdown and contraction in manufacturing with businesses withholding capital and investment amid the economic hostilities.

Looking for the full guide? Full Q1, 2020 Forecasts will be released on Monday, December 23.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES