News / Stock

Oil. Volatile shares but Alphie is still optimistic about the stock prices.

Feb 11, 2019 - 11:37 UTC

Oil prices are still rising. The three main oil futures, Brent, WTI and Shanghai, have increased their value by 16.13%, 20.17% and of 15.03% respectively since the beginning of the year. The main reasons are the reduction in OPEC production and the recent Venezuelan political crisis. In addition, the USA sanctions on PDVSA, the country’s main oil firm, triggered tensions. Analysts believe that will be a further rise in the oil price in the next months. The only factor that could reverse that forecast is a possible trade truce between the US and China. In the meanwhile, the United States…

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