Oil market news


Oil Prices Edge Lower after Weaker China Data

Oil Prices Edge Lower after Weaker China Data

Oil futures nudged lower Monday, with a round of weaker-than-expected economic data from China.


May 17, 2021
Oil Prices Stable on Confidence in Demand Recovery
Oil Prices Stable on Confidence in Demand Recovery

Oil prices rose nearly 2% on Wednesday, after U.S. distillate inventories posted a large drawdown and refining activity picked up, boosting hopes...

May 14, 2021
Oil Prices Rise but India Coronavirus Cases Weigh
Oil Prices Rise but India Coronavirus Cases Weigh

Oil prices rose on Friday, reversing some of the previous day's sharp losses as stock markets strengthened, though gains were capped by the...

May 13, 2021
Oil Falls as Colonial Pipeline Resumes Operations
Oil Falls as Colonial Pipeline Resumes Operations

Oil futures fell Thursday, on track to snap a four-day winning streak, as the Colonial Pipeline resumes operations on the U.S. East Coast after...

Oil Drops on India's COVID-19 Crisis, Pipeline Resumption
Oil Drops on India's COVID-19 Crisis, Pipeline Resumption

Oil prices fell more than 2% on Thursday as India’s coronavirus crisis deepened and a key U.S. pipeline resumed operations, halting a rally...

May 11, 2021
Oil Falls on Expectations Pipeline Outage will be Temporary
Oil Falls on Expectations Pipeline Outage will be Temporary

Oil futures traded lower Tuesday, with investors looking past the closure of the Colonial Pipeline that provides 45% of the fuel consumed on the...

Oil Falls on India COVID Crisis, Pipeline Outage Fears Ease
Oil Falls on India COVID Crisis, Pipeline Outage Fears Ease

Oil prices fell on Tuesday on fading fears of a prolonged outage of the largest U.S. fuel pipeline system, while India’s coronavirus crisis...

May 6, 2021
Oil Prices Rise on Drawdown in U.S. Crude Inventory
Oil Prices Rise on Drawdown in U.S. Crude Inventory

Oil prices edged higher on Thursday, recouping early losses, as crude stockpiles in the United States, the world’s largest oil consumer, fell...

May 5, 2021
U.S. Oil at 2-Y High on ‘Reopening Euphoria’, Drop in Supply
U.S. Oil at 2-Y High on ‘Reopening Euphoria’, Drop in Supply

Oil futures rose for a third straight day Wednesday, with U.S. prices on track to score their highest finish in over two years, buoyed by...

Oil Prices Gain after Steep Drop in U.S. Crude Inventories
Oil Prices Gain after Steep Drop in U.S. Crude Inventories

Oil prices rose for a third day on Wednesday after industry data indicated U.S. crude inventories fell much more than expected last week,...

May 4, 2021
Oil Pushes Higher as U.S., Europe ease COVID Restrictions
Oil Pushes Higher as U.S., Europe ease COVID Restrictions

Oil futures rose Tuesday, finding support as traders turned their attention to easing COVID-19 restrictions in the U.S. and Europe, which look to...

April 28, 2021
Oil Buoyeds by OPEC+ Confidence, Traders await Storage Data
Oil Buoyeds by OPEC+ Confidence, Traders await Storage Data

Oil futures pushed higher Wednesday, finding support after the Organization of the Petroleum Exporting Countries and its allies stuck with plans to...

Oil Rises on Optimistic Demand Outlook; Uncertainties Remain
Oil Rises on Optimistic Demand Outlook; Uncertainties Remain

Oil prices rose on Wednesday amid optimistic forecasts of global fuel demand recovery, while the rapid spread of COVID-19 infections in India and a...

April 27, 2021
Oil near $66 ahead of OPEC+ Meeting, India Weighs
Oil near $66 ahead of OPEC+ Meeting, India Weighs

Oil rebounded to $66 a barrel on Tuesday ahead of a meeting of producer group OPEC+ to discuss oil output policy amid concern India’s...

April 26, 2021
Oil Prices move Lower on COVID-19 Worries in India
Oil Prices move Lower on COVID-19 Worries in India

Oil futures fell Monday, extending last week’s loss as investors continued to monitor rising COVID-19 cases in India and other countries...

April 22, 2021
Oil Falls for Third Straight Day as Global COVID Cases Rise
Oil Falls for Third Straight Day as Global COVID Cases Rise

Oil futures remained under pressure Thursday, falling for a third straight session, with weakness tied in part to a continued surge in COVID-19...

April 19, 2021
Oil Edges Lower as Rising Infections Stir Demand Worries
Oil Edges Lower as Rising Infections Stir Demand Worries

Oil futures lost ground Monday, with weakness tied in part to concerns over the demand outlook as COVID-19 infections outside the U.S. continued to...

April 16, 2021
Oil Mixed Even as Data Points to Strong Rebound for Demand
Oil Mixed Even as Data Points to Strong Rebound for Demand

Oil futures were trying for a fifth straight gain Friday but were presently seeing lackluster trade as investors weighed a strong economic report...

Oil Climbs to Four-Week High on Strong China Data
Oil Climbs to Four-Week High on Strong China Data

Oil prices extended gains on Friday and were on course for a weekly gain of about 7% with an improved oil demand outlook and strong economic...

April 15, 2021
Oil Holds Ground at Highest in Month after 3-Session Climb
Oil Holds Ground at Highest in Month after 3-Session Climb

Oil futures inched higher on Thursday, on track to score a fourth climb in a row, with prices holding ground at their highest levels since mid...

Oil Hits One-Month Highs as IEA, OPEC Raise Forecasts
Oil Hits One-Month Highs as IEA, OPEC Raise Forecasts

Oil prices rose on Thursday to the highest level in nearly a month, after jumping 5% in the previous session, driven by increased demand forecasts...

Oil to Hit $40 by 2030 if Climate Goals are Met: Consultancy
Oil to Hit $40 by 2030 if Climate Goals are Met: Consultancy

Global oil prices could drop to around $40 a barrel by 2030 if governments push to reduce fuel consumption in step with U.N.-backed plans to limit...

April 14, 2021
Oil Eyes Highest Finish Since Mid-March On Stronger Demand
Oil Eyes Highest Finish Since Mid-March On Stronger Demand

Oil futures traded sharply higher Wednesday, as the International Energy Agency lifted its demand outlook for crude and a U.S. government report...

OPEC Raises 2021 Oil Demand Growth Forecast
OPEC Raises 2021 Oil Demand Growth Forecast

OPEC on Tuesday raised its forecast for growth in world oil demand this year on expectations the pandemic will subside, providing help for the...

Oil Maintains Upward Momentum but Virus Concerns Cap Gains
Oil Maintains Upward Momentum but Virus Concerns Cap Gains

Crude climbed on Wednesday after industry data showed U.S. oil inventories declined more than expected and OPEC raised its outlook for oil demand,...

April 13, 2021
Oil Prices Climb on Robust China Data, Mideast Tension
Oil Prices Climb on Robust China Data, Mideast Tension

Oil prices climbed on Tuesday as data from China showed the world’s second largest oil consumer’s import growth surging and on tensions...

April 12, 2021
Oil Prices Drop as Coronavirus Caseloads Rise
Oil Prices Drop as Coronavirus Caseloads Rise

Oil slipped on Monday in thin trading as rising COVID-19 case numbers in some parts of the world kept a lid on prices, even as the Federal Reserve...

April 9, 2021
Oil Prices Edge Down as Investors Weigh Rising Supplies
Oil Prices Edge Down as Investors Weigh Rising Supplies

Oil prices edged down on Friday as investors weighed rising supplies from major producers and the impact on fuel demand from the COVID-19 pandemic.

April 8, 2021
Oil Falls on U.S. Gasoline Stocks Surge Against Expectations
Oil Falls on U.S. Gasoline Stocks Surge Against Expectations

Crude prices fell on Thursday after official data showed a big increase in U.S. gasoline stocks, sparking concerns about demand weakening in the...

April 7, 2021
Oil Rises on Stronger Economic Outlook, U.S. Stockpile Draw
Oil Rises on Stronger Economic Outlook, U.S. Stockpile Draw

Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a report that...

April 6, 2021
Rebound in Iranian Exports Unlikely to Shock Oil Markets
Rebound in Iranian Exports Unlikely to Shock Oil Markets

Goldman Sachs said a potential recovery in Iran exports won’t come as an “exogenous” shock to the oil market and full recovery...

Oil Rebounds on Robust Economic Data, Bargain Hunting
Oil Rebounds on Robust Economic Data, Bargain Hunting

Oil prices rose on Tuesday as investors looked for bargains following the previous day’s plunge of more than 4% on rising output from OPEC+...

April 5, 2021
Oil Falls more than 2% as OPEC+ Eases Curbs
Oil Falls more than 2% as OPEC+ Eases Curbs

Oil futures fell sharply Monday after a three-day weekend, with weakness attributed to concerns over the decision by the Organization of the...

Oil Prices Dip after OPEC+ Agree to Ease Output Cuts
Oil Prices Dip after OPEC+ Agree to Ease Output Cuts

Oil prices slipped on Monday, paring strong gains made in the previous session after OPEC+ agreed last week to gradually ease some of its...

April 2, 2021
OPEC+ Decision on Oil Output Policy, Demand Concerns Persist
OPEC+ Decision on Oil Output Policy, Demand Concerns Persist

A group consisting of some of the world’s most powerful oil producers on Thursday will meet to decide on the next phase of output policy....

April 1, 2021
Oil Gains Ahead of OPEC+ Meeting on Output Policy
Oil Gains Ahead of OPEC+ Meeting on Output Policy

Crude prices rose on Thursday, recouping some of the previous session’s losses on expectations that a meeting of OPEC and its allies later on...

March 31, 2021
Oil Prices Struggle for Direction ahead of Supply Data
Oil Prices Struggle for Direction ahead of Supply Data

Oil futures traded near unchanged Wednesday after an industry group reported a rise in U.S. crude inventories ahead of official data and investors...

Oil Up on Expectations OPEC+ will Maintain Supply Discipline
Oil Up on Expectations OPEC+ will Maintain Supply Discipline

Oil prices rose on Wednesday, paring overnight losses a day ahead of a meeting of OPEC and its allies, with investors betting the producers will...

March 29, 2021
Oil Prices Hit by Wave of Hedge Fund Profit-Taking - Kemp
Oil Prices Hit by Wave of Hedge Fund Profit-Taking - Kemp

Fund managers sold petroleum last week at the fastest rate since successful coronavirus vaccines were announced in November, as a resurgence of...

Oil Rises, Suez Canal News Offset by Russia Output Curbs
Oil Rises, Suez Canal News Offset by Russia Output Curbs

Crude-oil futures traded higher Monday morning as reports ahead of a key meeting of oil producers overshadowed the partial freeing of the...

March 26, 2021
Oil Slightly Rebounds on Fears Suez Blockage may Last Weeks
Oil Slightly Rebounds on Fears Suez Blockage may Last Weeks

Oil prices reversed a sharp sell-off a day earlier to rise 1% on Friday on mounting fears that it could take weeks to dislodge a giant container...

March 25, 2021
Oil under New Pressure as Rising COVID may Cases Dent Demand
Oil under New Pressure as Rising COVID may Cases Dent Demand

Crude-oil futures were under renewed pressure Thursday as worries over rising COVID-19 cases in major oil-consuming countries outside the U.S....

Oil Falls as Demand Concerns Trump Suez Canal Disruptions
Oil Falls as Demand Concerns Trump Suez Canal Disruptions

Oil prices fell more than 2% as fresh coronavirus lockdowns revived worries about demand for oil products, even as tug boats struggled to move a...


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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