Oil Market Analysis


Dollar fights for throne, Euro wobbles while Oil rises
Dollar fights for throne, Euro wobbles while Oil rises

The story behind the Dollar’s incredible appreciation in recent days continues to revolve around rising U.S bond yields and easing geopolitical risks.Market expectations of hig...

Forex Technical Analysis & Forecast 24.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 24.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD has broken the consolidation range to the downside, expanded it, and reached the first target. Possibly, today the price may grow to bre...

FxPro Forex Analysis: Australian CPI Dampens Chances of RBA Rate Hike
FxPro Forex Analysis: Australian CPI Dampens Chances of RBA Rate Hike

NZDUSD bucked the trend overnight, as most other currencies managed to retrace some of their declines against the USD. The pair hit fresh lows around the 0.71125 mark after it gapped...

It's number 3 again!
It's number 3 again!

Number 3 has been of crucial significance in 2018. Trump has been predicting that his policies would bring an increase in annual growth to over than 3% a year. The Federal Reserve is...

FxPro Forex Analysis: North and South Korea to Meet on Friday for Historic Talks
FxPro Forex Analysis: North and South Korea to Meet on Friday for Historic Talks

The Koreas will hold historic talks on Friday, aimed at formally ending hostilities between them and closing a chapter of their combined history. North Korea pledged to suspend missi...

FxPro Forex Analysis: BOE Governor Carney Sends GBP Tumbling with Rate Hike Comments
FxPro Forex Analysis: BOE Governor Carney Sends GBP Tumbling with Rate Hike Comments

Bank of England Governor, Mark Carney, was interviewed by the BBC yesterday, where he made the comment that he didn’t want to get too focused on the precise timing of the next ...

Forex Technical Analysis & Forecast 18.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 18.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD hasn’t been able to fix below 1.2360 and right now is still consolidating. Possibly, the price may choose an alternative scenario,...

FxPro Forex Analysis: House of Lords Sinks PM May’s Plans, Wants Stronger Customs Union with EU
FxPro Forex Analysis: House of Lords Sinks PM May’s Plans, Wants Stronger Customs Union with EU

A vote in the UK’s House of Lords last night defeated the Government’s plan to leave the customs union with the EU. The House voted down the proposal 348 to 225. While th...

FxPro Forex Analysis: US WTI Oil Analysis – April 18, 2018
FxPro Forex Analysis: US WTI Oil Analysis – April 18, 2018

U.S. West Texas Intermediate (WTI) crude oil rose to trade over $67 after the weekly report by the American Petroleum Institute (API) on Tuesday showed that inventories fell by 1 mil...

Forex Technical Analysis & Forecast 18.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 18.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD has finished the first descending impulse and right now is being corrected. Possibly, the price may reach 1.2382. Later, the market may ...

FxPro Forex Analysis: Markets Firmly in Risk-On Mode
FxPro Forex Analysis: Markets Firmly in Risk-On Mode

Global markets synchronised their appetite for risk after the US stock market broke out earlier in the week, with the German Index and UK 100 following suit. This followed on from po...

Forex Technical Analysis & Forecast 17.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 17.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD has broken 1.2350 to the upside and may continue consolidating. Today, the price may form another descending structure to return to 1.23...

FxPro Forex Analysis: Fresh Airstrikes on Syria, US Denies Involvement
FxPro Forex Analysis: Fresh Airstrikes on Syria, US Denies Involvement

There have been fresh airstrikes on Syria overnight, with an attack on targets and airfields near the Israeli border. The US has said that it isn’t conducting any military acti...

Investors unmoved by Syria attack
Investors unmoved by Syria attack

Heading into the new trading week, investors across different asset classes feared that the U.S.-led strike on Syria would become the new catalyst to sell risk assets. However, Satur...

FxPro Forex Analysis: US WTI Oil and UK Brent Oil Analysis – March 28, 2018
FxPro Forex Analysis: US WTI Oil and UK Brent Oil Analysis – March 28, 2018

Crude Oil prices declined on Wednesday, with West Texas Intermediate (WTI) trading below $65 and Brent back below $70 per barrel. The drop came in response to a surprise inventory bu...

Sterling slips on inflation slowdown, Oil rises
Sterling slips on inflation slowdown, Oil rises

The British Pound immediately weakened against the Dollar on Tuesday morning after UK inflation fell more than expected in February. Consumer price inflation eased to a 7-month low a...

Oil bears gain ground on gasoline inventories
Oil bears gain ground on gasoline inventories

Oil has been one of the standout trades in 2017 and so far in 2018 it has looked positive. One of the reasons behind that has been the constant drawdown's in inventory in the US ...

Global shares mixed, Crude oil steady
Global shares mixed, Crude oil steady

A strong sense of optimism over sustained global growth continues to stimulate investor appetite for riskier assets, supporting World shares. Asian stocks marched to record highs on ...

Oil takes the spotlight
Oil takes the spotlight

Oil has swung back into centre stage with it leaping higher, even with a strengthening USD today. This is a slight surprise given that US crude oil inventories won't be released ...

WTI range-bound, currency markets consolidate
WTI range-bound, currency markets consolidate

WTI Crude popped slightly higher during Tuesday’s trading session on the back of a pipeline outage in the North Sea which stimulated fears of supply disruptions.While oil marke...


Analysis of the Latest Oil Market Events

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.

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.

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree