Earlier Tuesday morning in Asia, news crossed wires, via Reuters that the Chicago Mercantile Exchange (CME) cut NYMEX crude oil June maintenance margins by 25%. The move takes the margin figure down from $12,000 to $9,000. Market implications The CME earlier hiked the markets by around 17.6% during the late-April but the recent cut of 25% will make a discount to the total margin requirements. While the news seems to oil-positive, WTI crude oil June futures on NYMEX currently cheers upbeat sentiment due to likely improvement in China’s demand while taking the bids above $32.00. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China confirms 80% tariff on Australian barley FX Street 2 years Earlier Tuesday morning in Asia, news crossed wires, via Reuters that the Chicago Mercantile Exchange (CME) cut NYMEX crude oil June maintenance margins by 25%. The move takes the margin figure down from $12,000 to $9,000. Market implications The CME earlier hiked the markets by around 17.6% during the late-April but the recent cut of 25% will make a discount to the total margin requirements. While the news seems to oil-positive, WTI crude oil June futures on NYMEX currently cheers upbeat sentiment due to likely improvement in China’s demand while taking the bids above $32.00. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
