High: Low:
| Spread | 0.0027 | Spread (%) | 0.11% |
|---|---|---|---|
| Overnight funding - Buy | -0.0358% | Overnight funding - Sell | -0.008% |
| Initial margin | 10.00% | Maintenance margin | 5.00% |
| Leverage | 1:10 | Expires daily | No |
| Futures Contract | July 2023 | ||
| Automatic rollover | |||
| Name | Sell | Sell button / Change | Buy | Change Change | Change Change | Change Change | |||
|---|---|---|---|---|---|---|---|---|---|
| {{item.Name}} | {{item.SellPrice}} | Sell | Buy | {{item.ChangePercentText}} | Trade | ||||
Oil prices hit a 5-week low on Tuesday due to US economic concerns, debt ceiling, and Fed's hike expectations. Major oil producers also reported mixed earnings, with Morgan Stanley cutting its Q3 forecast for Brent.
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From SVB’s emergency purchase to supply issues caused by Iraq and Turkey, this article lists the factors that have driven Oil prices upward on Monday.
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WTI prices continued to rise on Wednesday on the back of several drivers, including Fed Chair's remarks, Chinese demand, the earthquake in Turkey and more.
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