Oil market news


Oil climbs on possible OPEC cuts, though sentiment turns bearish

Oil climbs on possible OPEC cuts, though sentiment turns bearish

Crude prices advanced on Friday amid anticipations of supply cuts from OPEC, although record U.S. output weighed on the market.


November 15, 2018
Oil prices steady, but supply surplus worries weigh on market
Oil prices steady, but supply surplus worries weigh on market

Crude prices steadied on Thursday, erasing earlier losses, but investor sentiment remained anxious over worries that a supply glut may accelerate...

November 14, 2018
OPEC considers new oil supply reduction to avoid oversupply
OPEC considers new oil supply reduction to avoid oversupply

OPEC and other exporters could restrict oil production by as much as 1.4 mln barrels a day in the coming year, according to three people close to...

Oil attempts to recover after 7 percent fall
Oil attempts to recover after 7 percent fall

Oil tried to bounce back on Wednesday after sliding 7 percent on Tuesday, with rising supply and the prospects of weakening demand limited gains.

November 13, 2018
Oil demand to fall sharper in future because of electric cars
Oil demand to fall sharper in future because of electric cars

By 2040 demand for oil will go down deeper than it was forecasted earlier due to electric cars and technological developments, though lack of...

Oil slumps almost 1 percent after Trump attempts to influence OPEC policy
Oil slumps almost 1 percent after Trump attempts to influence OPEC policy

Crude prices dropped near 1 percent on Tuesday, with international benchmark Brent dipping below $70 a barrel and WTI below $60, after U.S....

November 12, 2018
Oil prices spike on production limitation plans
Oil prices spike on production limitation plans

Crude surged over 1% today that could become the biggest daily rise in a month following the statement from Saudi Arabia that OPEC and other...

November 9, 2018
Oil prices wobble on rising supply
Oil prices wobble on rising supply

Oil hovered on Friday following another week of declines, with markets remained sluggish as growing supply and worries over economy hurt prices,...

November 8, 2018
Oil climbs on China's record crude imports, though U.S. output limits gains
Oil climbs on China's record crude imports, though U.S. output limits gains

Oil climbed on Thursday after the highest ever China's crude imports eased worries that a slowdown in the world’s second economy could...

November 7, 2018
Oil prices fall on excessive supplies
Oil prices fall on excessive supplies

Oil fell on Wednesday as increasing production and U.S. sanctions easing that allow Iran’s largest importers to keep buying its crude...

November 6, 2018
Oil slips on demand worries
Oil slips on demand worries

Oil prices fell on Tuesday after U.S. agreed exemptions to top buyers of Iranian crude, triggering supply worries and shifting the investors'...

November 5, 2018
Oil stays unmoved while U.S. sanctions start
Oil stays unmoved while U.S. sanctions start

Prices of oil were quite level today after the reintroduction of U.S. sanctions on Iranian crude sales, which were cushioned by temporary...

November 2, 2018
Oil fluctuates, sanctions on Tehran loom
Oil fluctuates, sanctions on Tehran loom

Crude prices wobbled on Friday as markets were underpinned by signs of relief in the U.S.-China trade dispute, before being dragged down by a...

November 1, 2018
Oil drops on increasing supply, economy fears
Oil drops on increasing supply, economy fears

Crude prices slipped on Thursday to extend decline from the previous session, dragged down by signs of growing supply and by rising worries that...

October 31, 2018
Crude prices gain for first time in three sessions
Crude prices gain for first time in three sessions

Oil prices advanced for the first time in three sessions on Wednesday, but growing supply and concerns over the forecasts for demand amid the...

October 30, 2018
Oil prices slide on potential supply build
Oil prices slide on potential supply build

Crude prices dropped on Tuesday, hit by worries that the ongoing U.S.-China trade row will hurt economic growth and by signs of growing global...

October 29, 2018
Oil dips as moderation in global trade stirs up concerns
Oil dips as moderation in global trade stirs up concerns

Crude prices were down today due to slumped in the past week financial markets and higher dollar at the start of the week, which solidified worries...

October 26, 2018
Oil prices ease due to risks of overabundant supply
Oil prices ease due to risks of overabundant supply

Oil is set to show three weekly falls in a row today following Saudi Arabia’s cautioning of excessive supply, as dropped stock markets along...

October 25, 2018
Oil follows dive in global stocks
Oil follows dive in global stocks

Prices of oil declined today after the sharp drop in Asian stocks coming on the heels of the record daily slump of Wall Street in around 7 years,...

October 24, 2018
Oil rebounds after plunges on planned Iran sanctions
Oil rebounds after plunges on planned Iran sanctions

Crude prices today recovered slightly after yesterday’s sharp falls with the nearing U.S. sanctions on Iran becoming the dominant factor again.

October 23, 2018
Oil lower after Saudi Arabia’s market role statement
Oil lower after Saudi Arabia’s market role statement

Crude prices fell today in the wake of Saudi Arabia’s statement saying it would take on a responsible role in relation to energy markets and...

October 22, 2018
Next month’s sanctions against Iran keep pushing up oil
Next month’s sanctions against Iran keep pushing up oil

Prices of oil gained today with markets awaiting supply fall after U.S. November sanctions on Iranian oil.

October 19, 2018
Oil prices grow, though weekly reading on course for drop
Oil prices grow, though weekly reading on course for drop

Crude gained today due to indications of a much stronger demand from China, which is one of the globe’s top consumers, but on a weekly basis...

October 18, 2018
Oil prices rebound after sharp drop on U.S. inventories leap
Oil prices rebound after sharp drop on U.S. inventories leap

Oil registered a bit of an uptick today as uproar over a Saudi reporter’s death continued, with crude firming following a heavy slump on U.S....

October 17, 2018
Oil prices slightly higher after abrupt drop in U.S. oil inventories
Oil prices slightly higher after abrupt drop in U.S. oil inventories

Crude prices rose during four straight days today, boosted by the figures indicating that U.S. oil inventories suddenly fell, with concerns over...

October 16, 2018
Oil slightly eases on forecasts of more rises in U.S. inventories
Oil slightly eases on forecasts of more rises in U.S. inventories

Prices of oil declined today on prospects of growth in U.S. oil stockpiles, though data suggesting Iran’s crude sales diminished in the month...

October 15, 2018
Oil grows pushed by Saudi supply worries
Oil grows pushed by Saudi supply worries

Oil prices jumped today with international uproar mounting after a distinguished Saudi reporter disappeared that raised concerns over supplies, but...

October 12, 2018
Oil vaults 1%, though set for weekly slide
Oil vaults 1%, though set for weekly slide

Prices on oil soared 1% today, bouncing after steep losses of previous days, driven by strong demand from China, although weekly reading was moving...

October 11, 2018
Oil prices go down rapidly as U.S. inventories leap
Oil prices go down rapidly as U.S. inventories leap

Oil plumbed to the lowest level in two weeks on Thursday, keeping its downward trajectory of the past session as world stock markets are in...

October 10, 2018
IMF’s correction to global economic growth weighed on oil
IMF’s correction to global economic growth weighed on oil

Crude prices fell today on the pulled-down by the International Monetary Fund projection for world economic expansion, though Hurricane Michael...

October 9, 2018
Oil keeps growing on declining exports from Iran
Oil keeps growing on declining exports from Iran

Crude prices are recovering after drops in the previous session, with additional signs that number three producer of OPEC Iran has its exports...

October 8, 2018
Oil prices down on possible U.S. exemptions to Iran oil consumers
Oil prices down on possible U.S. exemptions to Iran oil consumers

Prices on Brent lost over 1% today following words from the U.S. administration thatthere could be waivers to sanctions on Iranian oilin November,...

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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