Middle Eastern traders are more emotionally attached to Oil - ActivTrades

Jun 21, 2017, 01:40 PM

Ricardo Evangelista, Head of International Desk at Evangelista 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”. atch the full segment as Evangelista discusses Qatar-Saudi tiff and how the clients are adjusting to the political turmoil in the UK.