23 Jun 2017
Middle Eastern traders and the Oil Market – ActivTrades
Ricardo Evangelista, Senior Executive Officer (Dubai Branch) at ActivTrades says the Middle East clients are more inclined to trade oil and metals. “Clients understand that the current climate instigates weakness in oil”, says Evangelista and adds, “the traders are more emotionally attached to oil… it is more like a sacred cow, hence traders struggle psychologically to bet against their gift”.
Watch the full segment as Evangelista discusses Qatar-Saudi tiff and how the clients are adjusting to the political turmoil in the UK