09-17-2024, 06:12 AM
Why haven't you profited from oil yet???
![[Image: b531591c9f181233828a1858b9d88909.png]](https://freshforex.com/netcat_files/Image/b531591c9f181233828a1858b9d88909.png)
Oil prices are falling rapidly due to several factors:
* Increased crude production in the U.S. and other countries not part of the OPEC+ agreement.
* Decreased demand from a major consumer, China. In August, demand dropped by 7% year-over-year.
On September 10, 2024, the price of #BRENT oil fell to $68.44 per barrel — the lowest since December 2021!
![[Image: d4681560054c62c211aaf0248974e126.jpg]](https://freshforex.com/netcat_files/Image/d4681560054c62c211aaf0248974e126.jpg)
Analysts at Gunvor and Trafigura predict that global Brent oil prices could drop to $60 in the near future. In response, eight OPEC+ member countries have agreed to extend production cuts until December 2024. However, the efforts of the commodity deal participants have yet to yield the desired results...
While traders worldwide are deciding whether to "sell with the trend or buy at a cheaper price?" we’re offering you a benefit for any trade direction by completely canceling oil swaps!
From September 16 to 29, no Swap or Swap Free fees will be charged for rolling over #BRENT and #WTI oil contracts on FreshForex platforms.