Oil and gas sector
Oil and gas trading is one of the most popular trading areas. In the modern world, when the news about the price of Brent or WTI oil takes the first lines of news feeds, to understand the dynamics of the energy market means to be in a trend. Everything is interconnected in the financial markets, so do not underestimate the level of correlation between various assets, including raw materials. OPEC meetings, news around the largest oil producing companies SaudiAramco and others have an impact not only on energy prices, but also on currency pairs with USD. Thus, you can study the impact of such events on various assets and compose your effective trading portfolio by developing a working strategy for it.
Every day, the FxGen team publishes fresh analytics on all trading instruments, including energy resources, which you can read on our blog (link). As you can see, energy trading with FxGen is a great way to diversify your portfolio. Add oil and gas contracts to your portfolio in your account right now!