Oil is facing increasing uncertainty. Apply for an account with a provider that knows the market with full technical and account management* which comes as standard.
The price of oil has been in limbo for over a year with talk of more geo-political tension in the Middle East and Russian markets, coupled with the US shale industry that seems to be positioning itself as an ideal low-cost alternative.
The benchmark contract saw a sharp decline in prices from over $100 a barrel in 2014, to fresh lows in 2015 as it hovered around the $43 barrel mark. As a trader where do you see one of the most important commodities on the planet heading?
If you’re thinking about trading oil, then trade with a regulated London-based broker that gives you access to a range of energy CFD contracts on the award winning MetaTrader 4 platform with flexible margin, competitive spreads and great customer service.
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If you are beginning your journey in the world of online trading, it helps to have a friend at hand to reassure you, give you guidance and point you in the right direction.
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