FX.co ★ Oil review on January 27, 2021

Review for oil:

The new US president, Joe Biden, is sharply discussing a policy with regards to the production of oil in the United States. It was reported that he is going to stop issuing licenses for oil production on federal lands and on the coastal shelf, which disappointed a lot of oil companies. At the same time, Biden is a supporter of the Paris Climate Agreement and of course, America is joining it. This is good for oil, which will be supported in this way.