Skip to main content
Brent oil under pressure
Brent oil under pressure

Brent oil under pressure

Brent oil is currently trading close to its September lows as fears of reduced demand weigh on prices. Daily COVID cases in China are at a record high as the number of new cases exceeded 30,000 for the first time ever. Asia's crude oil consumption fell to its lowest level since September. In all likelihood, oil's downtrend will continue.

BRN Crude Oil

Not financial advice. The content of this article is provided by Libertex for general information and educational purposes only. It does not constitute investment advice, investment research, a personal recommendation, or an offer or solicitation to buy or sell any financial instrument or other asset. It is general in nature and is not tailored to any individual reader, so it cannot account for your personal circumstances, financial situation, knowledge, experience, or investment objectives. Any decision to act on this content is taken at your own discretion and risk, and you remain solely responsible for assessing whether a product or strategy is right for you and for seeking independent professional advice where appropriate.

Risk warning. Trading in financial instruments and other assets, particularly leveraged products such as CFDs, is complex and carries a high risk of losing money rapidly. Leverage magnifies both gains and losses, so small market movements can lead to disproportionate losses. The value of the assets referenced may rise or fall, and you may lose your entire invested amount. Past performance is not a reliable indicator of future results. The use of artificial intelligence, algorithms, automated strategies, or any other analytical tool in trading does not guarantee any particular outcome, does not eliminate risk, and does not replace your own judgement — you remain fully responsible for assessing every instrument, strategy, and decision, and for the results of your trading.

Why trade with Libertex?

  • Get access to a demo account free of charge
  • Receive live technical assistance 5 days a week, 24 hours a day
  • Enjoy leverage of up to 1:500
  • Use a platform for any device: Libertex and MetaTrader 4 and 5
  • Pay zero commission on withdrawals in Latin America
  • Benefit from up to $500 protection on your first trades with Negative Trade Protection
Back

Experience the excitement of trading!

Try our risk-free demo account