October 26, 2018

How News Affects The Energy Market

The energy market is always sensitive to news. This is because political and economic matters in different countries affect the price of commodities like crude oil and natural gas. In the UK, for instance, England, Scotland, Wales and Northern Ireland want to leave the European Union. This move is called Brexit and t has affected the prices of energy in the European Union already.

Insecurity and terrorism have adversely affected the output of crude oil and natural gas in some countries. In some countries like Nigeria, the crisis in the Niger Delta region as caused disruptions in the oil and gas industry. Meanwhile, the USA is likely to impose sanctions on Iran again. If this happens, there might be an increase in crude oil prices. The point here is that energy market news leads to changes in this industry. Use current news to trade in the energy market and you will make money most of the time.

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