We recently noticed that some third-party companies and individuals impersonated the TOPONE Markets brand and illegally misappropriated our trademarks.

We Hereby Reiterate Our Statement:

  • TOPONE Markets does not provide discretionary account operation trading services, nor does it cooperate with other third-party vendors and/ or agents to provide such services.
  • TOPONE Markets staff will not promise to our customer the definite profit, please do not trust any kind of the profit promise or profit related picture, such as screenshot/ chat history, etc, all investment profit can be only viewed on our official website and application.
  • TOPONE Markets is a professional online trading platform with low spreads and zero handling fees. Be wary of any behavior that asks you for any fees directly and privately. TOPONE Markets does not charge a fee at any stage of its trading process or other fee.

If you have any questions or concerns, please feel free to reach us by clicking the "Online Customer Support" or send an email to our customer care team cs@top1markets.com. We will answer your questions and assist you promptly.

Understood
We use cookies to learn more about how you use our website and what we can improve. Continue to use our website by clicking "Accept". Details
Market News The decline of international oil prices is limited, and the conflict between Russia and Ukraine covers up the existing contradictions

The decline of international oil prices is limited, and the conflict between Russia and Ukraine covers up the existing contradictions

International oil prices came under pressure on Tuesday (May 24) on fears of a possible global recession, but tight supply and expectations of a pick-up in fuel demand during the U.S. summer driving season limited losses. Nasser, head of Saudi oil company Aramco, said the conflict between Russia and Ukraine overshadowed what had already happened, with less than 2% of global spare capacity, and most companies are afraid to invest in the petrochemical industry because they are under pressure from green energy.

2022-05-24
10511
International oil prices came under pressure on Tuesday (May 24) on fears of a possible global recession, but tight supply and expectations of a pick-up in fuel demand during the U.S. summer driving season limited the decline.

At 16:49 GMT+8, NYMEX crude oil futures sank 0.16% to $110.11 a barrel; ICE Brent crude futures fell 0.20% to $113.19 a barrel. The largest intraday declines in the two cities reached 1.80% and 1.56% respectively.


At the annual economic summit in Davos, financial elites worry about multiple threats to the global economy. Soaring prices have undermined consumer confidence and rattled financial markets around the world, prompting central banks including the Federal Reserve to raise interest rates. Meanwhile, the negative impact of the Russian-Ukrainian war on oil and food markets has added to the pessimism.

German Deputy Chancellor Habeck said: "We have at least four crises that are intertwined. We have high inflation ... we have an energy crisis ... we have a food shortage, we have a climate crisis. Even if we focus on one of them, We can't fix everything either. But if we don't fix anything, I'm really worried about going into a recession with a huge impact on global stability."

The EU could agree an embargo on Russian oil imports "within a few days", according to top member Germany. With some member states heavily dependent on Russian energy, the EU has not been able to act quickly. The EU has provided up to 2 billion euros in aid to Middle Eastern countries that lack energy supplies outside Russia.

Crude losses were limited, however, as supplies were tight and gasoline demand was expected to remain high. Driving season in the U.S. begins this weekend on Memorial Day and runs through Labor Day in September.

Nasser, head of Saudi oil company Aramco, said on Monday that the world is facing an oil supply crunch and that most companies are afraid to invest in the industry because they are under pressure for green energy. He added that the company cannot expand capacity faster than previously promised.

Nasser said he would stick to his 2027 capacity target — expanding to 13 million barrels a day from the current 12 million barrels a day — despite calls for a faster pace, “with less than 2 percent of global spare capacity. Before the coronavirus outbreak, aviation The industry consumes 2.5 million barrels more fuel per day than it is now. If the aviation industry recovers quickly, there will be big problems. The Russian-Ukrainian conflict overshadows what has already happened, we are going through an energy crisis due to lack of investment, in the middle of the pandemic It started to be affected after that.”
Previous
Next

Bonus rebate to help investors grow in the trading world!

Need Assistance?

7×24 H

Download the APP for Free