Oil market news


Oil Prices Build on Last Week's Strength, Supply Risks Rise

Oil Prices Build on Last Week's Strength, Supply Risks Rise

Oil prices ticked up in Asian trade on Monday, extending gains from last week of nearly 4% on the view that supply was tightening, with the risks heightened by further attacks on Russian energy infrastructure. Brent crude oil futures for May delivery climbed 47 cents, or 0.5%, to $85.81 a ba...


March 14, 2024
Oil Rises as Revised IEA Forecasts Suggest Tighter Market
Oil Rises as Revised IEA Forecasts Suggest Tighter Market

Oil prices rose on Thursday as investors digested the International Energy Agency's (IEA) latest oil market report - in which it predicts a...

IEA Raises Oil Demand Outlook again but still Lags OPEC
IEA Raises Oil Demand Outlook again but still Lags OPEC

The International Energy Agency on Thursday raised its view on 2024 oil demand growth for a fourth time since November as Houthi attacks disrupt...

March 13, 2024
Oil Rises on Russian Refinery Attacks, Signs of Strong Demand
Oil Rises on Russian Refinery Attacks, Signs of Strong Demand

Oil rose on Wednesday, supported by potential supply disruption after Ukrainian attacks on Russian refineries, signs of strong demand and hopes...

March 12, 2024
Oil Prices Rise Slightly as OPEC Retains Demand Forecasts
Oil Prices Rise Slightly as OPEC Retains Demand Forecasts

Oil prices rose slightly on Tuesday as the market weighed bearish U.S. economic data against OPEC's demand growth forecast and persistent...

March 11, 2024
Oil Prices Slips on Concerns over Middle East, China Demand
Oil Prices Slips on Concerns over Middle East, China Demand

Global benchmark Brent slipped on Monday, dipping below $82 a barrel, as persistent geopolitical concerns in the Middle East and Russia collide...

March 8, 2024
Oil Prices Rise as World's Top Consumers Boost Demand
Oil Prices Rise as World's Top Consumers Boost Demand

Oil prices rose on Friday, driven by growing demand in the world's biggest consumers, the United States and China, while the U.S. Federal...

March 6, 2024
Oil Rebounds as OPEC+ Output Cuts Override China, US Demand Concerns
Oil Rebounds as OPEC+ Output Cuts Override China, US Demand Concerns

Oil prices rebounded slightly on Wednesday after extended declines as signs of supply tightness amid output cuts by major producers overrode demand...

March 5, 2024
Oil Extends Fall as China's Economic Reforms Underwhelm Investors
Oil Extends Fall as China's Economic Reforms Underwhelm Investors

Oil prices fell for a second day on Tuesday as pledges by China to transform its economy amid stuttering growth since the COVID pandemic failed to...

March 4, 2024
Oil Edges Up after OPEC+ Extends Output Cuts Through Q2
Oil Edges Up after OPEC+ Extends Output Cuts Through Q2

Oil prices ticked up slightly on Monday following the widely expected extension of voluntary output cuts by the OPEC+ producer group on...

OPEC+ Members Extend Oil Output Cuts to Second Quarter
OPEC+ Members Extend Oil Output Cuts to Second Quarter

OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts of 2.2 million barrels per day into the second...

March 1, 2024
Oil Rises, Markets await OPEC+ Decision amid Mixed Demand Drivers
Oil Rises, Markets await OPEC+ Decision amid Mixed Demand Drivers

Oil prices edged up on Friday and were set to end the week modestly higher as markets awaited an OPEC+ decision on supply agreements for the second...

February 29, 2024
Global Oil Demand to Grow by 1.9M bpd in 2024, says Wood Mac
Global Oil Demand to Grow by 1.9M bpd in 2024, says Wood Mac

Global oil demand will grow by 1.9 million barrels per day (bpd) this year, according to a prediction by energy research company Wood Mackenzie, a...

Oil Falls on US Demand Worries, Interest Rate Fears
Oil Falls on US Demand Worries, Interest Rate Fears

Oil prices fell on Thursday after a larger-than-expected build in U.S. crude stockpiles stoked worries about slow demand, while signs that U.S....

February 27, 2024
Oil Rises amid Concerns about Red Sea Attacks on Shipping
Oil Rises amid Concerns about Red Sea Attacks on Shipping

Oil prices on Tuesday built on gains made a day earlier amid attacks on shipping in the Red Sea that have exacerbated supply worries. Brent...

February 26, 2024
Oil Extends Losses after Dollar Rises on Shifting Interest Rate Outlook
Oil Extends Losses after Dollar Rises on Shifting Interest Rate Outlook

Oil prices fell on Monday, extending losses from the previous session after the dollar rose on market views that higher-than-expected inflation...

February 23, 2024
Oil Set to Snap Winning Streak after Fed says in no Rush to Cut US Rates
Oil Set to Snap Winning Streak after Fed says in no Rush to Cut US Rates

Oil prices were on track on Friday to snap a two-week winning streak after the U.S. central bank indicated interest rate cuts could be delayed by...

February 21, 2024
Oil Rises as Investors Weigh Red Sea Attacks, US Rate Cut Outlook
Oil Rises as Investors Weigh Red Sea Attacks, US Rate Cut Outlook

Oil prices regained some ground in Asian trade on Wednesday amid concerns over attacks on shipping in the Red Sea and growing expectations that...

February 19, 2024
Oil Drops as Sticky US Inflation Heightens Demand Concerns
Oil Drops as Sticky US Inflation Heightens Demand Concerns

Oil prices fell as investor attention returned to the demand outlook after reports of higher producer prices in the U.S., the world's biggest...

February 16, 2024
Oil Steadies, Weaker IEA Demand Ooutlook Offsets Rate Cut Hopes
Oil Steadies, Weaker IEA Demand Ooutlook Offsets Rate Cut Hopes

Oil steadied on Friday as slowing demand forecast by the International Energy Agency (IEA) offset support from geopolitical tensions and optimism...

February 15, 2024
Oil Demand Growth Slowing, non-OPEC Supply Expands, says IEA
Oil Demand Growth Slowing, non-OPEC Supply Expands, says IEA

Global oil demand growth is losing momentum, the International Energy Agency (IEA) said on Thursday as it trimmed its 2024 growth forecast, in...

February 14, 2024
Oil Holds Firm on OPEC Demand Forecast and U.S. Fuel Stocks
Oil Holds Firm on OPEC Demand Forecast and U.S. Fuel Stocks

Oil prices were little changed on Wednesday, holding on to Tuesday's gains on a robust demand growth forecast from OPEC and a sharp decline in...

February 13, 2024
Oil Prices Drift Up with Focus on Middle East
Oil Prices Drift Up with Focus on Middle East

Oil prices edged up on Tuesday as uncertainty over fighting in the Middle East kept markets on edge, but gains were capped by concerns that central...

February 12, 2024
Oil Begins Week Lower, Israel says 'Concluded' Gaza Strikes
Oil Begins Week Lower, Israel says 'Concluded' Gaza Strikes

Oil prices fell in early Asian trade on Monday after Israel said it had "concluded" a series of strikes in southern Gaza, slightly easing...

February 9, 2024
Oil Heads for Weekly Gains on Israel Rejects Ceasefire Offer
Oil Heads for Weekly Gains on Israel Rejects Ceasefire Offer

Oil prices were little changed on Friday, staying on track for weekly gains, with tensions persisting in the Middle East after Israel rejected a...

February 8, 2024
Oil Rises on Slim Progress in Gaza Peace Talks, Weaker USD
Oil Rises on Slim Progress in Gaza Peace Talks, Weaker USD

Oil extended gains on Thursday after Israel rejected a ceasefire offer from Hamas, while a weaker dollar also supported prices. Brent crude...

February 7, 2024
Oil Rises on Lower-than-Expected Rise in U.S. Crude Stockpiles
Oil Rises on Lower-than-Expected Rise in U.S. Crude Stockpiles

Oil prices rose for a third day on Wednesday after U.S. crude inventories grew less than expected and a cut in the forecast for output growth in...

February 2, 2024
Oil Set for Weekly Loss Despite Gain on OPEC+ Output Decision
Oil Set for Weekly Loss Despite Gain on OPEC+ Output Decision

Oil prices rose on Friday after the OPEC+ group's decision to keep its production policy unchanged, but benchmarks remained on track for weekly...

February 1, 2024
Oil Nudges Higher, Buoyed by Rate Cut Expectations
Oil Nudges Higher, Buoyed by Rate Cut Expectations

Oil prices edged up on Thursday, supported by signals from the U.S. Federal Reserve on a possible start to rate cuts and as China unveiled new...

January 31, 2024
Oil Falls on Weak China Data but Set for First Monthly Gain since Sept
Oil Falls on Weak China Data but Set for First Monthly Gain since Sept

Oil prices fell on Wednesday as lacklustre economic activity in China, the world's biggest crude importer, weighed on sentiment, but prices...

January 30, 2024
Oil Inches Up on Middle East Concerns; China Worries Limit Gains
Oil Inches Up on Middle East Concerns; China Worries Limit Gains

Oil prices gained on Tuesday following a more than 1% drop the previous session as escalating geopolitical tensions in major producing region the...

January 29, 2024
Oil Climbs on Escalating Tensions in Middle East
Oil Climbs on Escalating Tensions in Middle East

Oil prices climbed on Monday after a drone attack on U.S. forces in Jordan added to worries over supply disruption in the Middle East as Houthi...

January 25, 2024
Oil Rises $1 on US Crude Stock Draw, China Stimulus Hopes
Oil Rises $1 on US Crude Stock Draw, China Stimulus Hopes

Oil prices rose on Thursday after data showed U.S. crude stockpiles fell more than expected last week, while the Chinese central bank's cut in...

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.

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree