16.11.201815:15 Forex Analysis & Reviews: Growth in Brent quotes above $ 65 is favorable for bulls - experts

According to some analysts, the rise in the price of the standard grade of Brent oil over $ 65 per barrel creates favorable conditions for the bulls of the stock market.On Thursday, November 15, by the end of trading, the US stock exchanges showed a boom. This was facilitated by the statements of the sales representative Robert Lighthizer on the suspension of the introduction of new American duties on goods from the PRC.By the close of the trading session, the S & P 500 broad market index rose by 1.06% to 2730.20 points, the Dow Jones industrial index added 0.83%, and the high-tech NASDAQ increased by 1.72%. On Thursday, the MSCI Emerging Markets index rose 1.5%, showing a maximum increase for the week. Only the yield on 10-year Treasury bonds remained unchanged, amounting to 3.11%.Investors' attention is directed to the attempts of two major powers, China and the United States, to resolve a bilateral trade conflict. On the eve of the G20 summit, the leaders of both states, Xi Jinping and Donald Trump, in a telephone conversation expressed their willingness to remove obstacles hindering a consensus on mutual trade.Another topic of concern to markets was the monetary policy pursued by the US Federal Reserve. The regulator is gradually abandoning incentives, ahead of European and Asian colleagues. The current situation leads investors to realize that the era of cheap money is coming to an end. According to experts, this will contribute to the volatility of the stock markets.Data on stocks from the US Department of Energy, showing a "bearish" trend in the oil market, did not prevent Brent from rising by 0.79% and being at $ 66.68. Currently, a positive factor for the "bulls" is the fact that the price of reference black gold is above $ 65. Thanks to this, conditions are created for further price growth to $ 71– $ 72 per barrel, experts are confident.