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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
 Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

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As Russia pumps excess cheap oil, crude prices drop

OPEC+ is at odds with Russia over the amount of cheap oil the nation is pumping out onto the international markets.

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Written by

Jeremy Naylor

Jeremy Naylor

Analyst

Published on:

IGTV’s Jeremy Naylor says the Wall Street Journal is reporting that Saudi Arabia needs $81 a barrel of Brent to break even to cover its massive infrastructure projects. At $73 a barrel this is well below that level.

Where does it go from here? Well, disregarding whether or not Russia remains in the OPEC+ group, it is likely that the oil producer will continue to feed cheap oil through to the markets to help pay for its war in Ukraine.

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. 

Professional clients trading spread bets and CFDs can lose more than they deposit.

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