The algorithms dealers quickly turn on the drop in the price of oil

Traders using algorithms in the oil markets allow their optimistic expectations to abandon at a rate that has not been registered since the bankruptcy of banks dating. The data of the “Bridgeton Research Group” group indicates that the consultants of basic commodities are trading – the parties who first achieved the prices of only the centers of selling West Texas. 9% in the previous day. As for the global index, “Brent Mix”, the percentage of sales centers reached 45%, compared to 27% purchasing centers on April 3, according to the company. A decreasing trend of oil prices This shift in investment centers is the fastest since the collapse of ‘Silicon Valley Bank’ during 2023, which is indicative of the start of a new falling separation in the oil sector, equivalent to some of the biggest crashes in the market over the past decade. The commodity advisers’ authorities have emerged as an influential power in the market over the past few years and have become a large percentage of the trading volume, increasing the periods of serious fluctuations in the market. The future Western Texas -Intermediate crude contracts dropped by 14% within two days, and the price of Brent rough has dropped to the lowest level since 2021, in light of the surprise of the “OPEC+” coalition decision to reconsider the amount of production, especially what was previously announced, especially with the drainage of US President Donald Trump purchased. Other industrial goods such as palladium and silver also saw active moves through commodity advisors, while Copper scored a 54%shift, which currently reached 9%selling centers, after breaking the large technical levels that threatened to fall further, according to “Bridgetton”.