CFD Platorms Cite Oil As This Weekend’s Important Asset

CFD Platorms Cite Oil As This Weekend’s Important Asset

Two CFD trading platforms have drawn attention to the value of oil and explained why it should be on the savvy traders shopping list this weekend.

Both AvaTrade and Trade.com have shared similar sentiments about the need to get involved with oil as the price is currently its lowest in 20 years. Oil’s price has been dropping for weeks now but in recent days this price has hit even lower because of a price war between Saudi Arabia and Russia.

However, in recent weeks, demand has decreased but the Saudi’s have continued to pumping oil. Due to this, there is a higher supply than demand and hence why the price has decreased by such a large amount.

There has been some increase over the last 48 hours due to Donald Trump on Twitter. In regards to the USA’s need, he sprouted a figure of ”ten million barrels or more per day” which caused the oil price to see an upturn of around 20%. Whether or not this is a realistic figure or not remains to be seen.

Whatever the case, oil is looking like one of the more interesting assets to trade this weekend and you don’t want to miss out. Trade it now at AvaTrade and Trade.com where you can learn more about the current valuations. 

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