Crude Oil: Do We Know Anything About Joe Biden's Negotiations With Saudi Arabia?

Commodities: EU Members Manage To Agree On Price Caps For Russian Oil

WTI Starts The Week On A Positive Ground

West Texas Intermediate (WTI) begins the week with a rebound after slipping to a low of $92.75 on Monday in Asia. The black gold price increased despite market fears related to lockdowns in China. The gain came after the dollar edged lower from its 20 years high.

Meanwhile, U.S. President Joe Biden's promise of increased oil supplies looks to be unachievable following his visit to Saudi Arabia, without a firm commitment from Saudi Arabia to increase their production.

Disclaimer: Any information contained on this post is provided as general market information for educational purposes only, and does not constitute investment advice.

Commodities: EU Members Manage To Agree On Price Caps For Russian Oil

ICM.COM Market Updates

ICM.com is a UK-based, global, multi-regulated broker, and financial services provider, providing online foreign exchange (FOREX) and Contract for Difference (CFDs) trading solutions as well providing access to most of the world’s stock exchanges via its ICM Securities platform.

ICM’s aim is to provide a safe online trading environment and comprehensive support to all its customers with no compromise on speed, performance, variety of instruments, or price.

The company provides one of the highest levels of insurance in the industry. Client funds are secured in segregated accounts with tier 1 banks and they offer a variety of ways to ensure your funds are always easily accessible. They also have a Civil Liability Insurance Programme that covers up to £5 million.

ICM.com have over 5,000+ products available including currencies (FOREX), Indices, Commodities, precious metals, futures, and cryptocurrencies making them a one-stop-shop for all your trading needs. Its products can be traded via the MetaTrader 4, MetaTrader 5, or cTrader platforms. The company also provides access to all the major stock exchanges globally via its ICM Securities platform.