Oil market news



Oil prices climb though on course for a 5-day period slump

Oil prices climb though on course for a 5-day period slump

Oil added today, though the weekly result is about to log decrease in prices caused by threatening excess of supply and the escalating U.S.-China trade spat.


July 19, 2018
Oil dips after official figures on U.S. inventories
Oil dips after official figures on U.S. inventories

Prices of oil declined today following the release of government figures that said U.S. crude inventories surprisingly jumped and that U.S. oil...

Houston on track to get its own oil futures this year
Houston on track to get its own oil futures this year

Rising U.S. oil production and exports could lead to the creation of a crude oil futures contract of physically delivered Permian West Texas...

July 18, 2018
Oil moves down weighed by growing U.S. inventories
Oil moves down weighed by growing U.S. inventories

Prices of oil slipped today after reports of U.S. oil inventories increase in the previous week, which goes counter forecasts of a sharp drop,...

July 17, 2018
Oil continues moving downward amid worries of excessive supply
Oil continues moving downward amid worries of excessive supply

Prices of oil slumped today as they had done yesterday, with potential supply breaks not causing concerns anymore and with investors tracking...

July 16, 2018
Oil prices on the wane, supply shortages are not expected
Oil prices on the wane, supply shortages are not expected

Oil dipped today with restart of operations at ports in Libya and subsided worries over disruptions, as traders followed possible gains in supplies...

July 13, 2018
Oil keeps near the same, but earlier price swings lead to weekly decreases
Oil keeps near the same, but earlier price swings lead to weekly decreases

Prices of oil stayed almost at one level today as preceding sharp fluctuations during the week have resulted in a weekly drop of both benchmarks...

July 12, 2018
Oil jumps following IEA warning
Oil jumps following IEA warning

Crude prices soared on Thursday, reversing the previous session's steep declines when Libya announced it would resume exports.

July 11, 2018
Oil slides, Libya to resume export activities
Oil slides, Libya to resume export activities

World's crude benchmark Brent slumped more than $2 per barrel on Wednesday following U.S. threats to impose additional tariffs on Chinese...

July 10, 2018
Oil edges towards $80-a-barrel key level
Oil edges towards $80-a-barrel key level

Crude prices jumped by over 1 percent toward $79 a barrel on Tuesday due to rising supply deficit, amid strikes by workers in Norway and...

Oil on the rise boosted by announced strike in Norway
Oil on the rise boosted by announced strike in Norway

Prices of oil grew today due to possible supply deficit, as Brent jumped more than others in expectation of a planned strike by Norwegian oil...

July 6, 2018
Oil unstable as trade war moves to a new phase
Oil unstable as trade war moves to a new phase

Prices of oil fluctuated today as markets were uneasy about the enacted tariffs by the U.S. and China against each other’s products.

July 5, 2018
President Trump calls on oil exporters to interfere and stop oil price growth
President Trump calls on oil exporters to interfere and stop oil price growth

The U.S. President again called on the globe’s chief oil producers demanding to influence oil prices by raising supplies, which comes on the...

July 4, 2018
Oil prices move higher due to tightening of U.S. inventories, sanctions against Iran
Oil prices move higher due to tightening of U.S. inventories, sanctions against Iran

Oil rose today on news of shrinking fuel inventories in the U.S. because of a disruption at a facility of Syncrude Canada that predominantly feeds...

July 3, 2018
OPEC ramps up oil production in June
OPEC ramps up oil production in June

OPEC’s crude production grew in June thanks to Saudi Arabia’s output at the rate close to the highest, yesterday’s survey by...

July 2, 2018
Oil prices dip as Saudi, Russian production increases
Oil prices dip as Saudi, Russian production increases

Crude prices dropped on Monday as supplies from world's major producers Saudi Arabia and Russia grew while economic growth slowed in Asia amid...

June 29, 2018
Oil prices fall on trade discords, the market is pulled up by high demand
Oil prices fall on trade discords, the market is pulled up by high demand

Oil moved lower today as trade tensions between the U.S. and other countries continued to mount, but oil markets hold quite firm because of...

June 28, 2018
Oil dips though supply disruptions hold it back
Oil dips though supply disruptions hold it back

Prices of oil in the U.S. slumped from the highest marks of more than three years today as production in Russia, the U.S. and Saudi Arabia grew,...

June 27, 2018
Oil prices grow after U.S. calls on countries to cease purchases of Iranian oil
Oil prices grow after U.S. calls on countries to cease purchases of Iranian oil

Oil gained today as the Canadian supply interruption pushed the market higher and following the words from U.S. officials telling importers to...

June 26, 2018
Oil prices inch up on production stoppages, though trade altercation exerts pressure
Oil prices inch up on production stoppages, though trade altercation exerts pressure

Oil added a bit today, buoyed by an interrupted production in Canada and problems with exports from Libya, but growth was limited by increasing...

June 25, 2018
Oil falls on new OPEC agreement
Oil falls on new OPEC agreement

Crude prices edged down on Monday as investors assessed a new OPEC's deal that will increase oil supplies by 1 million barrels per day...

June 22, 2018
Oil prices surge ahead of OPEC summit in Vienna
Oil prices surge ahead of OPEC summit in Vienna

Crude prices jumped more than 1 percent on Friday as OPEC and major producers outside the cartel, led by Russia, met in Vienna in order to agree a...

June 21, 2018
Oil is down due to trade discord and news that Iran backs OPEC output hike
Oil is down due to trade discord and news that Iran backs OPEC output hike

Prices of oil dipped today after Iran said it could partake in a slight increase of production that OPEC discusses, which might be a precursor of...

June 19, 2018
OPEC predicts solid oil market
OPEC predicts solid oil market

Global crude demand will remain strong in the second half of 2018, an OPEC technical panel outlook this week, signaling the market could take in...

June 18, 2018
Oil prices remain firm as OPEC meeting approaches
Oil prices remain firm as OPEC meeting approaches

Oil firmed today as awaited by many OPEC gathering is to be held shortly, where a decision may be taken to expand global supplies, and as investors...

June 15, 2018
Oil on the wane as discussions revolve around increasing output
Oil on the wane as discussions revolve around increasing output

Prices of oil slipped today as the OPEC gathering of next week approaches, and as Saudi Arabia and Russia, the globe’s leading oil producers,...

June 13, 2018
Oil prices stay firm as rising production meets equal demand
Oil prices stay firm as rising production meets equal demand

Oil declined today due to gaining supply in the U.S. and the possibility that OPEC might soften production restrictions.

June 12, 2018
OPEC says oil prospects are uncertain
OPEC says oil prospects are uncertain

The prospects of oil market for the second six months of 2018 are very unclear even given that OPEC’s data confirms there is no global...

Crude prices climb on good result of Trump-Kim summit
Crude prices climb on good result of Trump-Kim summit

Crude prices advanced on Tuesday after U.S. President Donald Trump and North Korea’s Kim Jong Un signed a "comprehensive" document,...

June 11, 2018
Oil prices dip as U.S. and Russian output rise
Oil prices dip as U.S. and Russian output rise

Oil prices dipped on Monday, dragged down by increasing Russian output and the highest U.S. drilling activity in more than three years but...

June 8, 2018
Oil falls on slide in China demand, rising U.S. production
Oil falls on slide in China demand, rising U.S. production

Crude prices slumped on Friday, offsetting early gains as indications of lower demand in China and rising U.S. production dragged down markets...

June 7, 2018
Crude prices surge amid supply trouble
Crude prices surge amid supply trouble

Oil prices edged higher on Thursday to reverse some of the previous session’s declines, buoyed by skidding exports by member of the...

June 6, 2018
Brent jumps one percent amid sliding output from Venezuela
Brent jumps one percent amid sliding output from Venezuela

Brent crude contracts soared more than 1 percent on Wednesday after Venezuela raised the perspective of interrupting some crude exports, though...

Oil prices as a factor of influence on the world financial markets

Oil plays an important role on the world markets. Traders and investors know that oil quotes have a major impact on the world economy because of their change can cause a strong growth or, conversely, become a reason of reduction in price of assets in the currency and stock markets. The dynamics of crude quotes is determined to a greater extent, by the economic situation in the United States of America. To predict effectively changes in trading on the stock markets, it is necessary to monitor all developments on the oil market.

Analyse the impact of oil prices on the financial markets

The world oil market is one of the most volatile that makes it even more attractive to investors and giving them an convenient method of investments with low risk. There are plenty of factors which have influence on the oil prices: political events, financial reports and even the weather changes. A timely analysis of all the actual news of the oil market is the key to successful trading.

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