Rimani 
Condizioni di trading
Strumenti
After moving sharply higher in the previous session, the price of crude oil initially saw further upside in early trading on Friday but turned lower over the course of the day.
Crude for February delivery fell $0.67 or 0.9 percent to $73.41 a barrel after reaching a high of $74.91 a barrel. The more actively trade March contract slumped $0.70 or 1.0 percent $73.25 a barrel.
The downturn by the price of crude oil may have reflected profit taking after the front-month contract spiked by 2.1 percent on Thursday.
Traders also continued to weigh concerns about Middle East tensions against uncertainty about the outlook for global demand.
"While the price of crude remains sensitive to events in the Middle East, as we've seen over the last couple of weeks, the oil market remains well-balanced which is why we're not seeing prices higher," said Craig Erlam, OANDA Senior Market Analyst, UK & EMEA.
He added, "Supply disruptions remain an upside risk but there are downside risks too including the global economy and OPEC+ unity."
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.
