The OIL asset is poised for growth! Against the backdrop of the upcoming meeting of OPEC leaders, “black gold” has become one of the most popular goods on the commodity market.
Rumors that oil-producing countries have in fact decided to negotiate are making OIL quotes grow. If they can come to a decision on reducing production volumes, the supply of oil in the global market will begin to actively decline.
An additional factor supporting this is the news about disconnecting the power supply to one of the oil fields in Iraq, which has partially reduced the hydrocarbon supply in the commodities market.
The Helix strategy is perfect for trading on OIL. Try it on the demo account and start earning!
The asset is available for trading on weekdays from 12:15 to 16:00 UTC