Oil market news


Oil Pulls Back, But on Track for Big Weekly Gains

Oil Pulls Back, But on Track for Big Weekly Gains

Oil futures pulled back Friday, but remained on track for big weekly gains after jumping in the previous session as Saudi Arabia’s energy minister took a stern tone on compliance with OPEC+ production curbs and dared speculators to short crude.


September 18, 2020
Oil Rises After OPEC Warns Members to Stick to Quotas
Oil Rises After OPEC Warns Members to Stick to Quotas

Oil prices rose for a fourth day in a row on Friday, putting crude on track for a weekly gain of about 10%, after Saudi Arabia pressed allies to...

September 17, 2020
Oil Rises, OPEC+ Stresses Full Compliance with Output Quotas
Oil Rises, OPEC+ Stresses Full Compliance with Output Quotas

Oil futures climbed on Thursday, getting a boost as the Organization of the Petroleum Exporting Countries and its allies stressed the importance of...

Oil Falls on Demand Worries, Crews Return to U.S. Gulf Rigs
Oil Falls on Demand Worries, Crews Return to U.S. Gulf Rigs

Oil prices fell on Thursday, after rising in the two previous sessions, as concerns about weak fuel demand re-emerged after production platforms in...

September 16, 2020
Oil Jumps as Hurricane Hits U.S. Output; Crude Stocks Dip
Oil Jumps as Hurricane Hits U.S. Output; Crude Stocks Dip

Oil rose for a second day on Wednesday, gaining more than 2%, as a hurricane closed U.S. offshore oil and gas production and an industry report...

September 15, 2020
Oil Boosted as Hurricane Sally Approaches U.S. Gulf Coast
Oil Boosted as Hurricane Sally Approaches U.S. Gulf Coast

Oil futures got a lift Tuesday as Hurricane Sally neared landfall, forcing the shutdown of around a quarter of offshore Gulf of Mexico crude...

IEA Says Oil Demand Recovery Set to Slow for Rest of 2020
IEA Says Oil Demand Recovery Set to Slow for Rest of 2020

The International Energy Agency (IEA) trimmed its 2020 oil demand forecast on Tuesday, citing caution about the pace of economic recovery from the...

Oil Slips as Bleaker Demand Outlook Weighs on Sentiment
Oil Slips as Bleaker Demand Outlook Weighs on Sentiment

Oil prices slipped on Tuesday as worries over slow recovery in global fuel demand were reinforced by warnings by major oil producers, but...

September 14, 2020
Oil Prices Down on Weak Demand Outlook
Oil Prices Down on Weak Demand Outlook

Oil futures inched lower on Monday, undercut by continued demand worries, as the Organization of the Petroleum Exporting Countries further reduces...

September 11, 2020
Oil Steady as U.S. Stock Market Slides, Inventories Rise
Oil Steady as U.S. Stock Market Slides, Inventories Rise

Oil prices were steady on Friday, but were on track for a second weekly fall after U.S. stock markets tumbled and U.S. stockpiles rose unexpectedly.

September 10, 2020
Oil Prices Resume Slump Ahead of EIA Weekly Inventory Report
Oil Prices Resume Slump Ahead of EIA Weekly Inventory Report

Oil prices headed lower on Thursday morning after a weekly inventory report showed that supplies in the U.S. were climbing, further raising fears...

September 8, 2020
Oil Falls Below $42 to Lowest Since July on Demand Fears
Oil Falls Below $42 to Lowest Since July on Demand Fears

Oil fell below $42 a barrel on Tuesday, its 5th session of decline, pressured by concerns that a recovery in demand could weaken as coronavirus...

September 7, 2020
Crude Oil May Fall to $35 Area Before Sellers Stop
Crude Oil May Fall to $35 Area Before Sellers Stop

The end of last week was unexpectedly stormy. The movements in the stock market were marked by a deep selloff of FAANG and Tesla. Most observers do...

September 3, 2020
Crude is Testing Major Support After Worries of Weak Demand
Crude is Testing Major Support After Worries of Weak Demand

There was no shortage of strong movements in the markets on Wednesday. However, a short-lived dip on the stock market was quickly bought back. In...

Oil Prices Hold Near Multi-Week Lows on Demand Worries
Oil Prices Hold Near Multi-Week Lows on Demand Worries

Oil prices edged up on Thursday, but held near multi-week lows hit overnight after U.S. data showed gasoline demand fell and recovery from the...

September 2, 2020
Oil Gains on U.S. Stock Draw, Economic Recovery Optimism
Oil Gains on U.S. Stock Draw, Economic Recovery Optimism

Crude oil futures extended gains on Wednesday after a bigger-than-expected draw in U.S. crude stockpiles and as solid U.S. and Chinese factory...

August 31, 2020
Some North American Oil, Gas Producers Could Face Bankruptcy
Some North American Oil, Gas Producers Could Face Bankruptcy

Oil and gas companies plunged over $156 billion into corporate takeovers and land deals during the second U.S. shale boom, in a massive bet that...

Oil Aims to Close Out Strong August With Gains on China Data
Oil Aims to Close Out Strong August With Gains on China Data

Oil futures rose Monday, on track to end a positive August on an upbeat note after data showed a stronger-than-expected pickup in China’s...

Oil Rises on Stimulus Support and China Data
Oil Rises on Stimulus Support and China Data

Oil prices nudged up on Monday, with Brent futures set to post a fifth straight monthly gain, as global stimulus measures underpin prices even as...

August 28, 2020
Oil Prices Edge Lower, But Stay on Track for Weekly Gain
Oil Prices Edge Lower, But Stay on Track for Weekly Gain

Oil futures traded lower Friday, but stayed on track to tally a weekly gain a day after Hurricane Laura made landfall on the Gulf Coast as a...

August 27, 2020
Oil Steady, Gulf of Mexico Coast Braces for Hurricane Laura
Oil Steady, Gulf of Mexico Coast Braces for Hurricane Laura

Oil prices held steady on Thursday as a massive hurricane in the Gulf of Mexico raced towards the heart of the U.S. oil industry, which has forced...

August 26, 2020
Brent Rises on U.S. Output Cuts, China Trade Deal Hopes
Brent Rises on U.S. Output Cuts, China Trade Deal Hopes

Brent crude oil prices rose on Wednesday, lifted by U.S. producers shutting most of their offshore output in the Gulf of Mexico ahead of Hurricane...

August 25, 2020
Oil Edges Up, Gasoline Jumps as Storms Force Output Cuts
Oil Edges Up, Gasoline Jumps as Storms Force Output Cuts

The U.S. oil benchmark rose modestly Tuesday, while gasoline futures rallied as storms forced the shutdown of more than 80% of offshore crude-oil...

Oil Prices Mixed on Storm-Driven Output Cuts
Oil Prices Mixed on Storm-Driven Output Cuts

Crude oil prices were mixed on Tuesday as traders weighed massive production cuts in the U.S. Gulf Coast from Tropical Storms Marco and Laura...

August 24, 2020
Oil Gains on Storm-Hit U.S. Output, COVID-19 Treatment Hopes
Oil Gains on Storm-Hit U.S. Output, COVID-19 Treatment Hopes

Crude oil prices rose on Monday as storms closed in on the Gulf of Mexico, shutting more than half its oil production, and on signs of progress in...

August 21, 2020
Oil Set for 3rd Weekly Gain With Bearish Headwinds Mounting
Oil Set for 3rd Weekly Gain With Bearish Headwinds Mounting

While U.S. crude stockpiles fell last week, the outlook for consumption is gloomy. October oil was steady near $43 a barrel and up 1.5% for the...

August 20, 2020
Oil falls on caution over demand recovery
Oil falls on caution over demand recovery

Oil prices fell on Thursday on demand concerns driven by cautious views from OPEC+ producers and the U.S. Federal Reserve regarding economic...

August 18, 2020
Oil Prices Settle Back After Gains Due to OPEC+ Moves
Oil Prices Settle Back After Gains Due to OPEC+ Moves

Oil prices held onto most of their overnight gains on Tuesday after the OPEC+ producer grouping said members were almost fully complying with...

August 11, 2020
Oil Edges Higher on Hopes for U.S. Stimulus, Demand Recovery
Oil Edges Higher on Hopes for U.S. Stimulus, Demand Recovery

Crude oil gained more ground on Tuesday, with prices underpinned by expectations of U.S. stimulus and a rebound in Asian demand as economies reopen.

August 10, 2020
Oil Climbs on Hopes for U.S. Stimulus Package
Oil Climbs on Hopes for U.S. Stimulus Package

Oil rose on Monday, supported by an improvement in Chinese factory data, rising energy demand and hopes for an agreement in the United States on...

August 7, 2020
Oil Slips on Uncertainty Over Fuel Demand, U.S. Stimulus
Oil Slips on Uncertainty Over Fuel Demand, U.S. Stimulus

Oil prices dipped on Friday, adding to losses from the previous session, on worries that fuel demand recovery will slow amid a resurgence of...

August 6, 2020
Oil Pulls Back After Closing at 5-Month High
Oil Pulls Back After Closing at 5-Month High

Oil futures lost ground Thursday, pulling back from five-month highs and threatening to end a four-day winning streak as analysts assessed signs of...

August 5, 2020
Oil Jumps After Drop in U.S. Crude and Gasoline Inventories
Oil Jumps After Drop in U.S. Crude and Gasoline Inventories

Oil futures posted strong gains Wednesday morning, hitting a five-month high, after data from an industry trade group showed large drops in U.S....

August 4, 2020
Oil Prices Slip as Coronavirus Cases Continue Rise
Oil Prices Slip as Coronavirus Cases Continue Rise

Oil futures lost ground Tuesday, seeing pressure as rising COVID-19 cases renewed worries over global economic activity.

Oil Falls as Virus Cases Jump Cast Shade on Fuel Demand Rise
Oil Falls as Virus Cases Jump Cast Shade on Fuel Demand Rise

Oil prices slid on Tuesday amid concerns that a nascent recovery in fuel demand could stall as a fresh wave of COVID-19 infections around the world...

August 3, 2020
Oil Lifted by Upbeat Readings on Manufacturing Activity
Oil Lifted by Upbeat Readings on Manufacturing Activity

Oil futures moved higher Monday following a round of upbeat readings on manufacturing activity, but traders see upside limited as OPEC and its...

Oil Can’t Find Source of Demand
Oil Can’t Find Source of Demand

OPEC and its allies need to find a balance between supporting oil prices and keeping U.S. crude production at bay, a strategist told CNBC this week...

Oil Falls on Supply Glut Fears as OPEC+ Set to Boost Output
Oil Falls on Supply Glut Fears as OPEC+ Set to Boost Output

Oil prices fell on Monday on oversupply concerns as OPEC and its allies wind back production cuts in August and a rise in worldwide COVID-19 cases...

July 31, 2020
Oil on Track for July Gain as Dollar Slumps
Oil on Track for July Gain as Dollar Slumps

Oil futures traded higher Friday, on track for a monthly gain, as investors weighed an uncertain demand outlook, while bulls took encouragement...

Oil Rises Further From 3-Week Lows, But Headwinds Loom
Oil Rises Further From 3-Week Lows, But Headwinds Loom

Oil prices recovered further ground on Friday, after touching three-week lows in the previous session, responding to a record decline in U.S....

July 30, 2020
Oil Slumps on Fears Rising Virus Cases Will Crimp Demand
Oil Slumps on Fears Rising Virus Cases Will Crimp Demand

Oil futures lost ground Thursday, pressured by worries a resurgence in coronavirus cases around the world will cause demand to falter as major oil...

Oil Holds Steady as Virus Concerns Weigh on Demand Hopes
Oil Holds Steady as Virus Concerns Weigh on Demand Hopes

Oil prices were little changed on Thursday, restrained by concerns that surging coronavirus infections could jeopardize a recovery in fuel demand...

July 29, 2020
Oil Rises as U.S. Inventory Drop Counters Demand Concerns
Oil Rises as U.S. Inventory Drop Counters Demand Concerns

Oil prices climbed on Wednesday after a surprise drop in U.S. crude inventories was enough to offset concerns about U.S. fuel demand amid record...

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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