Oil market news


Oil Dips as U.S. Inventory Build Stokes Supply Fears

Oil Dips as U.S. Inventory Build Stokes Supply Fears

Oil prices eased in early trade on Wednesday as industry data showing a build in U.S. crude stockpiles and a forecast for U.S. crude output to fall less than anticipated in 2020 added to worries about oversupply.


July 7, 2020
Oil Down as U.S. Virus Spike Stokes Demand Worries
Oil Down as U.S. Virus Spike Stokes Demand Worries

Oil prices fell on Tuesday amid concerns that a surge in new coronavirus cases, especially in the United States, will hamper any recovery in fuel...

July 6, 2020
Brent Oil Scores Lift From Saudi Price Rise, China Optimism
Brent Oil Scores Lift From Saudi Price Rise, China Optimism

Crude-oil futures on Monday were trading mixed, with the U.S. oil moves influenced by a evidence of growing cases of coronavirus and Brent at least...

Oil Prices Mixed, Virus Spike Casts Shadow Over U.S. Demand
Oil Prices Mixed, Virus Spike Casts Shadow Over U.S. Demand

Oil prices offered up a mixed market snapshot on Monday, with Brent crude edging higher, supported by tighter supplies, while U.S. benchmark WTI...

July 3, 2020
Oil Fаlls as Virus Fears Weigh on Fuel Demand Recovery
Oil Fаlls as Virus Fears Weigh on Fuel Demand Recovery

Oil prices eased on Friday, reversing earlier gains, as the resurgence of the coronavirus globally and in the United States, the world’s...

July 2, 2020
OPEC Cuts June Oil Exports by 1.84 Million bpd: Kpler
OPEC Cuts June Oil Exports by 1.84 Million bpd: Kpler

OPEC cut oil exports in June by 1.84 million barrels per day (bpd) from May levels as it works to implement an output reduction agreement with...

Traders Consider Apple Has 'the Holy Grail' of Oil Data
Traders Consider Apple Has 'the Holy Grail' of Oil Data

Every day, energy merchants collect and scrutinize whatever information they can find on fuel demand to get a trading edge: from satellite data...

July 1, 2020
Oil Inches Higher as Report Shows Big Fall in U.S. Supplies
Oil Inches Higher as Report Shows Big Fall in U.S. Supplies

Oil futures were trading slightly higher early Wednesday, but off their best levels, after a report on U.S. inventories pointed to a big decrease...

Oil Rises on Manufacturing Data, U.S. Inventories
Oil Rises on Manufacturing Data, U.S. Inventories

Oil prices rose on Wednesday on a string of positive manufacturing data and a drawdown in U.S. crude inventories, both indicating an economic...

Oil Rises After Drop in U.S. Crude Stocks Suggests
Oil Rises After Drop in U.S. Crude Stocks Suggests

Oil prices rose more than 1% on Wednesday after data showed crude inventories in the United States fell much more than expected, suggesting demand...

June 30, 2020
Oil Retreats as Oversupply Worries Haunt Industry
Oil Retreats as Oversupply Worries Haunt Industry

Oil futures pulled back early Tuesday as persistent concerns about the rising number of cases of COVID-19 and the threat of more oil flowing out of...

Oil Prices Slip on Demand Worries
Oil Prices Slip on Demand Worries

Oil prices fell on Tuesday as optimism for a straightforward recovery in fuel demand faded and a looming increase in supply weighed on the market,...

June 29, 2020
Oil Rises as Industry Wrestles With Bankruptcy of Chesapeake
Oil Rises as Industry Wrestles With Bankruptcy of Chesapeake

Oil futures on Monday rose cautiously higher, even as rising cases of COVID-19 topped 10 million world-wide, raising some concerns about the spread...

Oil Prices Extend Losses as Virus Spike Cools Demand Hopes
Oil Prices Extend Losses as Virus Spike Cools Demand Hopes

Oil prices slid for a second straight session on Monday as coronavirus cases rose in the United States and other places, leading some countries to...

June 26, 2020
Oil Prices Inch Higher Friday But Set to Post a Weekly Loss
Oil Prices Inch Higher Friday But Set to Post a Weekly Loss

Oil futures saw muted gains on Friday as a record rise in coronavirus cases in the U.S. and growing infections in parts of the world signaled a...

June 25, 2020
Oil Prices Sink as Coronavirus Awakes New Demand Worries
Oil Prices Sink as Coronavirus Awakes New Demand Worries

Oil prices headed lower Thursday, as worries about accelerating cases of the coronavirus epidemic in parts of the world took a toll on expectations...

AAA Expects Cheapest Summer Gasoline Prices Since 2016
AAA Expects Cheapest Summer Gasoline Prices Since 2016

American drivers are likely to pay the cheapest summer prices for gasoline in four years, according to a forecast released by motorist and leisure...

Oil Falls Further on Virus Fears, U.S. Crude Stock Build
Oil Falls Further on Virus Fears, U.S. Crude Stock Build

Oil prices slipped on Thursday, extending losses of more than 5% in the previous session, weighed down by record high U.S. crude inventories and...

June 24, 2020
Oil Retreats Amid New Virus Cases, Pickup in U.S. Supplies
Oil Retreats Amid New Virus Cases, Pickup in U.S. Supplies

Oil prices were under pressure on Wednesday as evidence of rising cases throughout the globe raises questions about efforts to restart economies...

Oil Prices Slides as U.S. Crude Stockpile Growth
Oil Prices Slides as U.S. Crude Stockpile Growth

Oil futures dropped on Wednesday, extending losses from the previous day, after U.S. crude stockpiles grew more than expected, adding to worries...

June 23, 2020
Oil Trades at Highest Level Since March
Oil Trades at Highest Level Since March

Oil prices edged up for a fourth session Tuesday, gathering support from President Donald Trump’s assurance that the China-U.S. trade deal...

June 22, 2020
Oil Futures Slip, But BofA Lifts Crude Price Outlook
Oil Futures Slip, But BofA Lifts Crude Price Outlook

Oil futures on Monday headed lower amid rising cases of the COVID-19 pandemic, but the improved outlook for long-term global demand has sparked one...

U.S. is Cutting Production Despite Rising Prices
U.S. is Cutting Production Despite Rising Prices

American companies continue to cut production and drilling activity despite the growth in oil prices. The data published on Friday showed that the...

Oil Dips as Demand Worries Outweigh Tighter Supply
Oil Dips as Demand Worries Outweigh Tighter Supply

Oil prices slid on Monday as concern grew that a record rise in coronavirus infections worldwide could stall a recovery in fuel demand, outweighing...

June 19, 2020
Oil Heads for 10% Weekly Gain on Optimism Over Global Demand
Oil Heads for 10% Weekly Gain on Optimism Over Global Demand

Oil futures on Friday headed higher for the day and week as the industry drew optimism from the outcome of a Thursday meeting of OPEC members and...

Oil Rises Above $42 as OPEC+ Laggards Say to Make More Cuts
Oil Rises Above $42 as OPEC+ Laggards Say to Make More Cuts

Oil rose to above $42 a barrel on Friday, adding to gains in the previous session, after OPEC producers and allies promised to meet supply cuts and...

Oil Prices Rise as OPEC+ Holds Firm on Supply Cuts
Oil Prices Rise as OPEC+ Holds Firm on Supply Cuts

Oil prices rose around 1% on Friday, adding to gains in the previous session, after OPEC producers and allies promised to meet commitments on...

June 18, 2020
Oil Edges Up, OPEC’s Monitoring Committee Meeting in Focus
Oil Edges Up, OPEC’s Monitoring Committee Meeting in Focus

Crude-oil prices headed modestly higher on Thursday as the energy market turned its focus to an OPEC-led meeting of the Joint Ministerial...

Oil Fall as Surge in Virus Cases Raises Demand Concerns
Oil Fall as Surge in Virus Cases Raises Demand Concerns

Oil prices fell around 1% on Thursday as a spike in new coronavirus cases in China and the United States renewed fears that a recovery in fuel...

June 17, 2020
Oil Retreat as Investors Await Reports From OPEC and EIA
Oil Retreat as Investors Await Reports From OPEC and EIA

Crude-oil futures slid Wednesday as investors watched for a monthly OPEC report on global inventories and a weekly update from the U.S. EIA on...

Major Oil Executives ‘Optimistic’ Amid Coronavirus Fears
Major Oil Executives ‘Optimistic’ Amid Coronavirus Fears

Sixteen of the world’s leading energy executives met virtually at an unprecedented meeting Tuesday night to talk about how big oil will...

Oil Slumps, U.S. Crude Stocks Build
Oil Slumps, U.S. Crude Stocks Build

Oil prices fell on Wednesday as data showed an increase in U.S. crude and fuel inventories, raising the prospect of oversupply as a potential...

June 16, 2020
Oil Rallies, IEA Forecasts Increased Crude Appetite in 2021
Oil Rallies, IEA Forecasts Increased Crude Appetite in 2021

Oil futures headed higher Tuesday as a monthly report from the International Energy Agency forecast record demand for crude and its byproducts next...

IEA Sees Largest Drop of Oil Demand in History This Year
IEA Sees Largest Drop of Oil Demand in History This Year

The International Energy Agency said on Tuesday that it expects the fall in oil demand this year to be the largest in history, but believes there...

Oil Edge Higher on Supply Cut Hopes
Oil Edge Higher on Supply Cut Hopes

Oil prices made marginal gains on Tuesday, reversing out of earlier losses, as hopes for further cuts in crude supplies took the sting out of...

June 15, 2020
U.S. Oil Tumble 4% as Investors Fret Over New Cases of Virus
U.S. Oil Tumble 4% as Investors Fret Over New Cases of Virus

Oil futures on Monday traded sharply lower as concerns about new cases of coronavirus in parts of the world dimmed optimism about the economic...

Mexico's Oil Hedge to Be Pricier, But Govt Likely Doing It
Mexico's Oil Hedge to Be Pricier, But Govt Likely Doing It

Mexico will have to pay more for less coverage under its giant oil revenue insurance policy for 2021, but will likely go ahead anyway to avoid...

June 12, 2020
Oil See Tepid Rise After Sharpest Daily Plunge in 6 Weeks
Oil See Tepid Rise After Sharpest Daily Plunge in 6 Weeks

Crude-oil futures headed modestly higher on Friday but were on pace to halt a streak of six weekly gains, as worries about oversupply, combined...

Oil Falls, Rally Ends as U.S. Sees Resurgence of Virus
Oil Falls, Rally Ends as U.S. Sees Resurgence of Virus

Oil prices fell on Friday, extending big losses from overnight as U.S. coronavirus cases surged this week and raised the prospect of a second wave...

June 11, 2020
Oil Prices Drop on Concerns About Patchy Demand Recovery
Oil Prices Drop on Concerns About Patchy Demand Recovery

Oil prices fell more than 2% on Thursday on worries about slow demand growth with coronavirus cases rising, U.S. crude stockpiles hitting an...

June 10, 2020
Oil Prices Slump as Weekly Inventory Report Shows a Build
Oil Prices Slump as Weekly Inventory Report Shows a Build

Crude oil futures slipped lower early Wednesday as data showed a big increase in weekly U.S. crude supplies, and after the OECD warned that a...

Oil Falls as U.S. Inventory Rise Revives Oversupply Concerns
Oil Falls as U.S. Inventory Rise Revives Oversupply Concerns

Oil prices fell on Wednesday after data showed a rise in crude and fuel stockpiles in the United States, reviving concerns about oversupply and...

June 9, 2020
Oil Slips for 2nd Session on Investors Worries
Oil Slips for 2nd Session on Investors Worries

Crude-oil prices traded sharply lower early Tuesday for a second straight session as worries about the lack of compliance with a recent pact to cut...


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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