Oil market news


Crude prices wobble on stimulus hopes and demand concerns

Crude prices wobble on stimulus hopes and demand concerns

Oil prices tried to grow on Tuesday on optimism that Washington-Beijing trade tensions will ease, in particular when the major central bank will take stimulus measures to avoid a threatening economic slowdown that could affect the oil demand. 


August 19, 2019
CNPC suspends Venezuela's oil on U.S. sanctions threats
CNPC suspends Venezuela's oil on U.S. sanctions threats

China National Petroleum Corporation (CNPC), being a leading purchaser of Venezuela’s oil, stopped August crude loadings referring to U.S....

August 16, 2019
Oil prices rise sligthly on OPEC bearish forecast
Oil prices rise sligthly on OPEC bearish forecast

OPEC continues its supply cuts, Saudi Arabia leads. The oil supply decreased by 246 thousand barrels per day, up to 29.609 million. Saudi Arabia...

Oil gains more than 1 percent as recession concerns ease
Oil gains more than 1 percent as recession concerns ease

Oil prices grew on Friday by more than 1 percent after 2 days of decrease in a row on the back of U.S. strong retail sales data, which eased...

August 15, 2019
Oil drop slows on recession fears and U.S. stockpile surplus
Oil drop slows on recession fears and U.S. stockpile surplus

Oil prices slowed their jumping down on Thursday on U.S. crude inventories sudden increase, worries about recession and weak economic data...

August 14, 2019
Oil drops on weak China data; U.S. inventories gain
Oil drops on weak China data; U.S. inventories gain

Oil prices went down on Wednesday due to China’s disappointing economic data and an increase in U.S. crude stocks. Moreover, the Trump...

August 13, 2019
Oil prices manage to recover against all odds
Oil prices manage to recover against all odds

Saudi Arabia’s state-owned oil company Saudi Aramco reached an agreement on the acquisition of a 20-percent stake worth $15 billion in the...

August 12, 2019
Saudi Aramco income declines 12% due to lower oil prices
Saudi Aramco income declines 12% due to lower oil prices

The largest state-owned oil company, Saudi Aramco, maintains its status of the most profitable firm in the world, despite the weak report for...

Oil prices slip as weak demand outlook looms
Oil prices slip as weak demand outlook looms

Oil went down on Monday as economic slowdown concerns amid Sino-U.S. trade war, leading to a decrease in the oil demand growth estimates, still...

August 9, 2019
Crude regains due to more OPEC's oil production output cuts
Crude regains due to more OPEC's oil production output cuts

Oil prices climb on Friday as more OPEC crude production cuts helped to support the positive move in its value, although fears over the protracted...

August 8, 2019
Oil prices jump on supply cuts fears
Oil prices jump on supply cuts fears

Oil futures prices jumped more than $2 per barrel on Thursday, succeeding to recover a half of approximately 5 percent of recent losses, as...

August 7, 2019
Oil prices dip as U.S.-China trade spat fuels demand fears
Oil prices dip as U.S.-China trade spat fuels demand fears

Oil prices went down on Wednesday as fuel demand fears from the deepened Sino-U.S. trade talks continued to weigh over the crude market.

August 6, 2019
Oil reverses recent decline
Oil reverses recent decline

On Tuesday black gold rates gained 1 percent as investors wagering on declining rates repurchased contracts to secure revenues after decays in the...

August 5, 2019
Number of drilling rigs in U.S. again decreases
Number of drilling rigs in U.S. again decreases

U.S. energy companies continue to reduce the number of current drilling rigs for the 5th consecutive week, as lower crude oil prices are pushing...

Crude prices slump as trade tensions revive
Crude prices slump as trade tensions revive

On Monday black gold rates declined while growing worldwide financial development anxiety after Donald Trump promised to strain the exchange row...

August 2, 2019
Oil prices surge on new tariffs announcement
Oil prices surge on new tariffs announcement

The resumption of the trade talks would be too motionless, no matter how nice it was to hear the words that the U.S. was looking forward to face a...

August 1, 2019
Oil slumps amid lack of progress in trade talks
Oil slumps amid lack of progress in trade talks

On Thursday black gold rates slid, declining without precedent in six days after the U.S. Fed deliberated expectations after a string of key...

July 31, 2019
Drop in U.S. inventories supports crude prices
Drop in U.S. inventories supports crude prices

On Wednesday black gold rates gained for the fifth day in a row supported by a higher-than-anticipated decline in U.S. inventories and as traders...

July 30, 2019
BP profit exceeds forecasts, as oil output increases
BP profit exceeds forecasts, as oil output increases

The strong enough oil and gas production increase helped London-based BP company compensate diminished crude oil prices and refining profit to...

July 29, 2019
Oil resumes its growth due to U.S. operating rigs cut
Oil resumes its growth due to U.S. operating rigs cut

The oil prices were mixed on Monday due to pessimistic mood regarding Sino-American trade negotiations amid slowing economic growth in the whole...

Oil dips as anxiety over world economy rises
Oil dips as anxiety over world economy rises

On Monday oil rates declined as traders worried over the viewpoint for worldwide monetary development, while the end of the week negotiations among...

July 26, 2019
Oil prices grow due to ongoing U.S. inventory decline
Oil prices grow due to ongoing U.S. inventory decline

The decreasing of U.S. oil reserves over the past 5 weeks, beginning with June 10 by 40 million 429 thousand barrels again became the driver...

July 25, 2019
Crude creeps up on lower U.S. stockpiles
Crude creeps up on lower U.S. stockpiles

On Thursday oil rates edged higher amid Middle East strains and after weekly U.S. crude stockpiles declined more than anticipated, however, growth...

July 24, 2019
Oil rises on batch of positive factors
Oil rises on batch of positive factors

On Wednesday oil rates edged higher on growing strains over Iran, a rough fall in U.S. crude shares and optimistic flags on Sino-U.S. negotiations,...

July 23, 2019
Oil gains along with rising challenges in geopolitics
Oil gains along with rising challenges in geopolitics

On Tuesday oil rates gained on worries about potential stockpile interruptions in the Middle East, yet a tighter interest viewpoint kept a cover on...

July 22, 2019
Crude prices edge up on Middle East turmoil
Crude prices edge up on Middle East turmoil

On Monday oil rates edged higher on the anxiety that Iran's arrest of a British tanker a week ago may prompt supply interruptions in the Middle...

July 19, 2019
Oil prices set for largest weekly fall in seven weeks
Oil prices set for largest weekly fall in seven weeks

On Friday oil rates increased as strains blended again in the Middle East after a U.S. Naval ship demolished an Iranian drone in the Strait of...

July 18, 2019
Oil slumps, reacting to steep surge in U.S. stockpiles
Oil slumps, reacting to steep surge in U.S. stockpiles

On Thursday oil dropped fail to beat the gloomy spirit of the recent two days because of a rough growth in U.S. stockpiles of items like gasoline,...

July 17, 2019
Oil reverses recent fall amid fresh U.S. inventories data
Oil reverses recent fall amid fresh U.S. inventories data

On Wednesday oil rates grew after the collapse in the past session, although U.S. crude trailed adding for global benchmark Brent following figures...

July 16, 2019
Crude prices climb amid geopolitical tensions
Crude prices climb amid geopolitical tensions

On Tuesday oil rates grew as pressures in the Middle East exceeded the effect of a resumption of output in the Gulf of Mexico after Hurricane Barry...

July 15, 2019
Oil prices dip after weak China's economic report
Oil prices dip after weak China's economic report

On Monday oil rates slipped after China released its 27 years tightest quarterly financial development, fortifying anxiety about demand on the...

July 12, 2019
Oil gains, boosted by weather and geopolitics
Oil gains, boosted by weather and geopolitics

On Friday oil rates crawled up, following a week of growth as U.S. oil makers in the Gulf of Mexico trim the greater part their yield in light of a...

July 11, 2019
Oil rises, supported by batch of factors
Oil rises, supported by batch of factors

On Thursday oil costs touched a six-week peak as oil rigs in the Gulf of Mexico were emptied because of windstorm, while a British tanker episode...

July 10, 2019
Oil advances on lower-than-expected API data
Oil advances on lower-than-expected API data

On Wednesday prices of crude grew after industry figures indicated U.S. inventory level weakens definitely more than anticipated, easing worries...

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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