Oil Market Analysis

Oil is tangible and one of the most called-for commodities. USA, China and Japan are the largest consumers and importers of oil in the world. Any events and phenomena that trouble supply of “black gold” influence on its price on the oil market. Events such as weather conditions, war, terrorism, political disorders, and the decisions made by the Organization of the Petroleum Exporting Countries (OPEC) can cause its rise or fall in prices on the market. Oil trading refers to a variety of industries and, therefore, is often exposed to changes in the geo-political factors, as well as concerning the behavior of traders.


NYMEX and Brent post solid revenues in Asia
NYMEX and Brent post solid revenues in Asia

On Friday, crude oil held revenues during Asia trade as market participants bought after steep dips overnight and ahead of American rig count data from Baker Hughes as well as nonfar...

Oil falls on drawdown data
Oil falls on drawdown data

Oil markets have dropped dramatically after the recent crude oil inventories data came out today showing that the drawdown in oil was much weaker than expected coming in at -2.22M (-...

07.07.2016 15:51 The price of oil dropped about 3%
07.07.2016 15:51 The price of oil dropped about 3%

07.07.2016 15:51  Oil prices are down significantly, under the pressure of a report on US petroleum reserves, much weaker than yesterday's data on the API. US Department of ...

07.07.2016 15:13 Crude oil inventories in US declined last week
07.07.2016 15:13 Crude oil inventories in US declined last week

07.07.2016 15:13  Oil: -2.223 (forecast -2.5) Gasoline: -122K (350K forecast). Distillates: -1574K (500K forecast). Cushing: -82K (-400K forecasts).

Oil prices soar on US crude stock draw
Oil prices soar on US crude stock draw

On Thursday, surged, backed up by a report of another dip in American crude inventories and a weakening greenback, though a glut of refined products as well as economic growth worrie...

Oil rises on strong API report
Oil rises on strong API report

The latest American Petroleum Institute (API) weekly inventory data recorded a draw of 6.7mn barrels compared with the expected draw of around 2.3mn barrels and followed the draw of ...

06.07.2016 09:00 Oil is trading slightly lower
06.07.2016 09:00 Oil is trading slightly lower

06.07.2016 09:00  This morning, New York crude oil futures for WTI fell -0.04% to $ 46.58 per barrel. At the same time, Brent oil futures were down -0.10% to $ 47.98 per barrel....

NYMEX and Brent head south in Asia
NYMEX and Brent head south in Asia

On Wednesday, oil prices dipped in Asia as market sentiment dampened following worries regarding Brexit as well as poor demand prospects. In New York, August delivery WTI crude ...

Crude oil plunges 5 per cent
Crude oil plunges 5 per cent

Crude oil prices have plunged today with Brent and WTI both shedding around 5 per cent each at the time of this writing. Crude prices have dropped this sharply because of several rea...

05.07.2016 15:52 The price of oil fell more than 4% today
05.07.2016 15:52 The price of oil fell more than 4% today

05.07.2016 15:52 Oil prices have fallen dramatically, losing more than 4 percent, which was due to increased concerns about a slowdown in economic growth. Data on oil stocks in the C...

05.07.2016 09:09 WTI losing almost 2% so far
05.07.2016 09:09 WTI losing almost 2% so far

05.07.2016 09:09  This morning, New York crude oil futures for WTI fell -1.86% to $ 48.09 per barrel. At the same time, Brent oil futures were down -1.30% to $ 49.45 per barrel....

Oil prices slump on economic worries
Oil prices slump on economic worries

On Tuesday, oil prices dipped with Brent rebounding to below $50 a barrel. It’s because economic worries took center stage with many financial experts telling oil demand is goi...

04.07.2016 15:51 Oil price traded in a tight range today
04.07.2016 15:51 Oil price traded in a tight range today

04.07.2016 15:51 During today's trading oil fluctuated in a narrow range as market players monitor the supply disruptions around the world to find the instructions to change the ...

Oil is steady as market seen in balance
Oil is steady as market seen in balance

On Monday, crude futures remained steady following official comments from the Saudi energy minister that the market was making its way towards balance, though obvious signs of decrea...

04.07.2016 07:16 Oil increased in early trading
04.07.2016 07:16 Oil increased in early trading

04.07.2016 07:16 This morning, New York crude oil futures WTI rose by 0.29% to $ 49.13 per barrel. At the same time, crude oil futures for Brent rose by 0.38% to $ 50.54 per barrel. ...

01.07.2016 15:47 OIL prices decreased slightly
01.07.2016 15:47 OIL prices decreased slightly

01.07.2016 15:47 Oil prices fall as fears of a glut of world reserves resumed on the background of output growth in Nigeria and Canada. Oil prices fell as production in Nigeria is sl...

30.06.2016 15:47 Oil prices fall
30.06.2016 15:47 Oil prices fall

30.06.2016 15:47 Oil prices have decreased today while investors are closely watching the Brexit uncertainties. Earlier today, the former mayor of London, Boris Johnson, suddenly aba...

30.06.2016 08:55 Oil falls in early trading
30.06.2016 08:55 Oil falls in early trading

30.06.2016 08:55 This morning, New York crude oil futures for WTI fell 1.36% to $ 49.20 per barrel and Brent oil futures were down -1.34% to $ 50.63 per barrel. Thus, the black gold ...

NYMEX and Brent slump after sharp US market soar overnight
NYMEX and Brent slump after sharp US market soar overnight

On Thursday, crude oil prices dropped during Asia trade right after steep overnight gains on a dip in American stockpiles with demand prospects going forward because the outlook for ...

Oil breaks higher on inventories
Oil breaks higher on inventories

Oil benchmarks have surged in the past 40 minutes after the most recent inventory data from the US showed a larger than expected drawdown in the weekly DOE inventories. With the cons...


Oil Market and Analytical Standpoints Regarding this Kind of Market

The oil market is one of the most volatile, respectively, one of the most attractive in terms of investment. Although the trading of oil is a hard task, therefore, for a qualitative oil market’s analysis and oil’s rate is necessary to lend an attentive ear to the standpoints of the leading analysts of the market.

The crude oil technical analysis helps to determine total oil consumption, including the inventories, sales data and oil reports (EIA petroleum status reports). Traders can keep track of these reports and oil market news for better comprehension of the factors that affect the consumption of oil. Global oil market also has a direct effect on the Forex market by means of the germaneness with the dollar. This is due to the fact that the United States is one of the biggest breadwinners and consumers of this raw material. Change in the oil market price affects the intrinsic value of the dollar. In turn, the currencies that are in tandem with the U.S. currency, "look" on the dollar.

As far as oil is constantly taken into account in global business and trade, details that relates to its supply or distribution, will affect reliably the foreign exchange market, including the concomitant oil market analysis. That is why the terrorist attacks or natural disasters like Hurricane "Katrina" that threaten the regular supply of oil, often cause an immediate reaction of the Forex market.

Oil Market Analysis

The aforementioned events are something like shock to the market, making the oil forecast and analysis more difficult for the Forex market players. A more typical scenario usually consists of "fine" movements that occur in inter market relationships when oil trading, which only hint at the fact that the prices might change.

If the trader does not use inter market analysis, very likely he won’t be able to evaluate all these relationship, as well as the effects they exert on the markets, so long as this influence is not greatly substantially.