Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
8 Apr 2019

WTI refreshes 5-month tops near $ 63.50 amid Libyan fighting, OPEC cuts

  • Escalating Libyan political tensions, US sanctions and OPEC cuts boost prices to fresh 2019 peaks.
  •  A test of $ 65 due on the cards ahead of the US weekly supplies report.

WTI (oil futures on NYMEX) kicked-off the week on a positive note, extending Friday’s rally, and refreshed five-month tops at 63.53 last hour, as the renewed civil war in Libya intensified and triggered a threat to the country’s oil supplies.

The eastern Libyan National Army (LNA) forces of Khalifa Haftar are fighting for the control of Tripoli, the country’s capital, leading to a rise in the death toll and displacements. The UN called for restraint on the infighting while the US urged Haftar to stop the offensive on the capital.

The sentiment around the black gold also remains buoyed by the renewed talks of the OPEC output cut extensions after Saudi Arabian Oil Minister AL-Falih said that the May meeting will be a key one to decide on the OPEC cuts extensions. Meanwhile, the US sanctions on Iran and Venezuela continue to remain a risk to the countries’ supplies and collaborate to the upbeat momentum in oil prices.

Markets now await the US factory data and the sentiment on Wall Street for the next push higher ahead of the US weekly crude supplies report due later in the week ahead.

WTI Technical Levels

 

Apr 8, 2019

US-China trade deal to be extensive – Danske Bank

In view of analysts at Danske Bank, a US-China trade deal is likely in the second half of the year and they are expecting it to be extensive. Key Quot
Read more Previous
Apr 8, 2019

USD/TRY clinches 2-week highs above 5.7100

The Turkish Lira is losing ground for the second session in a row today, lifting USD/TRY to fresh 2-week highs beyond 5.7100 the figure. USD/TRY up on
Read more Next