Oil traders bet on the rise in oil prices up to $100 per barrel

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Oil traders bet that by 2019, oil prices will rise to $100 per barrel. The reason for this was the rise in oil prices to a peak of four years against the backdrop of the resumption of US sanctions restricting the export of Iranian oil. Sanctions take effect on November 4th. According to the Chicago Mercantile Exchange, in the US market, the bets that WTI oil futures for December delivery reached $100 per barrel by 2019 increased by 30% last week. The Institute of International Finance reported that Iran reduced oil exports per day by 800,000 barrels to 2 million barrels in September.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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