Energy markets have received a lift off the bottom of late as risk appetite normalizes somewhat. Oil needs to receive more news before moving higher, according to analysts at TD Securities. Key quotes “Improved cracks and extremely low crude prices prompted some independent refiners to load up on cargoes for Q2 delivery, implying the worst of the demand shock may have been seen”. “Furthermore, broad-reaching sanctions on Rosneft Trading S.A. and few signs that a cease-fire may be brokered in Libya, also offer modest support to the complex.” “Before energy markets can make a sustainable move higher, an OPEC+ response is going to be needed at the March meeting, and thus far Russia is seemingly reluctant to participate in further curtailments.” “On the CTA front, we do not expect any material moves, while gasoline is trading in whipsaw territory, which could see buying above $1.635/gal.” 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 Fed’s Bostic: Business expect coronavirus to cause short-term disruption FX Street 2 years Energy markets have received a lift off the bottom of late as risk appetite normalizes somewhat. Oil needs to receive more news before moving higher, according to analysts at TD Securities. Key quotes “Improved cracks and extremely low crude prices prompted some independent refiners to load up on cargoes for Q2 delivery, implying the worst of the demand shock may have been seen”. “Furthermore, broad-reaching sanctions on Rosneft Trading S.A. and few signs that a cease-fire may be brokered in Libya, also offer modest support to the complex.” “Before energy markets can make a sustainable move higher, an OPEC+ response… 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.
