Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

FIBO Group: consensus won't be archived

ByFIBO Group
Published 09/27/2016, 10:34 AM
Updated 03/09/2019, 08:30 AM

Since the beginning of this week representatives of oil world has been discussing hot issues concerning the field of oil production. An extraordinary meeting of the oil companies is held in Algeria on 26,27 and 28 of September 2016.

This meeting is touted by mass media as the most anticipated event of this September. Attention of all investors drawn to the chart of oil, and even the smallest analytical agency is committed to give its outlook and commentary.

If we collect all available information, we can make a suggestion that consensus won't take place. Moreover, energy ministers in one voice declare that the сondition of the oil market is even worse than condition which was during previous meetings about six months ago. Nowadays supply exceeds demand and oil production countries renovate historical records that is why there are all reasons to hold the position for sale.

The meeting of representatives of Saudi Arab and Iran was held in Vein but didn't brought any results. Iran doesn't agree to reduce volumes of raw materials but, on the contrary, plans to increase it (as well as the rest of the volumes).

On Wednesday evening, on the 28 of September 2016 the situation on the reduction of the level of oil production will be fully clarified and it creates unique opportunities for receiving earnings.

With FIBO Group You can implement any investment strategy, with the use of oil assets.

Available for trading:
1. Сommodity currency - CAD (look for the instrument USD/CAD in the lists);
2. Contract for American oil (USOIL).

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.