Oil market news


U.S. Oil aims for 4th Straight Gain, but Brent Stumbles

U.S. Oil aims for 4th Straight Gain, but Brent Stumbles

Oil futures saw mixed trading on Tuesday, with U.S. prices attempting to stretch their streak of gains into a fourth session but global crude benchmark prices on the decline after the International Monetary Fund lowered its global economic growth forecast.


October 11, 2021
Crude Jumps on Global Energy Crunch; U.S. Oil at 7-Year High
Crude Jumps on Global Energy Crunch; U.S. Oil at 7-Year High

Oil prices rose 2% on Monday, extending multiweek gains as an energy crisis gripping major economies shows no sign of easing amid a pick up in...

October 8, 2021
U.S. Oil Taps Highs, on Track for Weekly Rise of around 5%
U.S. Oil Taps Highs, on Track for Weekly Rise of around 5%

Oil futures rose on Friday, on track to score a roughly 5% gain for the week as U.S. prices touched highs above $80 a barrel for the first time in...

October 7, 2021
Natural-Gas Prices Extend Pullback from Multiyear Highs
Natural-Gas Prices Extend Pullback from Multiyear Highs

Natural-gas futures extended a pullback on Thursday from multiyear highs, a day after remarks by Russian President Vladimir Putin said Mosco would...

Natural Gas’s Boom and Bust
Natural Gas’s Boom and Bust

The energy market may have passed an inflexion point yesterday. The more than 20% jump in prices in Europe on Tuesday to $1,500 per 1,000 cubic...

October 6, 2021
Oil At Records on OPEC+ Restraint amid Global Energy Crunch
Oil At Records on OPEC+ Restraint amid Global Energy Crunch

Oil hit a multi-year high on Wednesday above $83 a barrel, supported by OPEC+'s refusal to ramp up production more rapidly against a backdrop...

October 5, 2021
U.S. Oil Futures Build on a nearly 7-Year High
U.S. Oil Futures Build on a nearly 7-Year High

U.S. oil futures looked to stretch their gains into a fourth straight session on Tuesday, a day after the Organization of the Petroleum Exporting...

Oil Holds near 3Y Highs, OPEC+ Keep Tight Control of Taps
Oil Holds near 3Y Highs, OPEC+ Keep Tight Control of Taps

Brent crude oil futures stuck near three-year highs on Tuesday, with U.S. benchmark crude close to 2014 peaks, after the OPEC+ supplier group...

October 4, 2021
U.S. Oil Rallies to 7-Year High after OPEC+ Opts to Stick to Original output Plan
U.S. Oil Rallies to 7-Year High after OPEC+ Opts to Stick to Original output Plan

Oil futures rallied Monday, with U.S. prices heading for their highest finish since 2014, after the Organization of the Petroleum Exporting...

The Energy Market Rally Probably Enters its Final Stage
The Energy Market Rally Probably Enters its Final Stage

The energy price crisis is in no hurry to leave Europe. Exchange prices for gas have risen by a third in a month. Brent Crude is nearing $80 again...

October 1, 2021
Oil Slips to $78 as Sources say OPEC+ Weighs Further output Hike
Oil Slips to $78 as Sources say OPEC+ Weighs Further output Hike

Oil fell to around $78 a barrel on Friday on the prospect that OPEC+ producers might step up a planned increase in output to ease supply concerns,...

September 30, 2021
Oil Futures Turn Higher on Bets for Higher Demand from China
Oil Futures Turn Higher on Bets for Higher Demand from China

Oil futures turn higher Thursday, giving up early losses, as traders bet on higher crude demand after a report said China told state-owned energy...

September 29, 2021
Oil Drops a Second Day after Rally Peters Out
Oil Drops a Second Day after Rally Peters Out

Oil prices fell on Wednesday after U.S. crude inventories unexpectedly rose as doubts over demand resurfaced, with COVID-19 cases continuing to...

September 28, 2021
Brent Crude Touches $80 a Barrel as Oil Rallies Further
Brent Crude Touches $80 a Barrel as Oil Rallies Further

Oil futures rose Tuesday, with the front-month contract for Brent crude tapping highs above $80 a barrel, as supply outages and underlying demand...

OPEC Forecasts Oil Demand Rebound before Post-2035 Plateau
OPEC Forecasts Oil Demand Rebound before Post-2035 Plateau

Oil demand will grow sharply in the next few years as economies recover from the pandemic, OPEC forecast on Tuesday, adding that the world needs to...

Brent Tops $80 a Barrel on Tighter Supplies
Brent Tops $80 a Barrel on Tighter Supplies

Oil markets climbed for a sixth day on Tuesday, boosted by a tighter supply and firm demand outlook, but power shortages in China which hit factory...

September 27, 2021
Brent Crude has cleared its way for $100
Brent Crude has cleared its way for $100

The Gas Armageddon doesn’t look likely to leave Europe anytime soon, with its effects trickling more and more clearly into related markets....

September 24, 2021
Oil Prices Rise, Hit 2-Month Highs on Supply Worries
Oil Prices Rise, Hit 2-Month Highs on Supply Worries

Oil prices rose on Thursday, with Brent crude touching its highest level in more than two months, supported by growing fuel demand and a draw in...

September 23, 2021
Oil Pulls Back after Brent Trades at Highest since July
Oil Pulls Back after Brent Trades at Highest since July

Oil futures pulled back modestly Thursday, a day after Brent crude traded at its highest price since late July. Analysts said underlying...

Oil Prices Settle Up on U.S. Stocks Draw, Rising Fuel Demand
Oil Prices Settle Up on U.S. Stocks Draw, Rising Fuel Demand

Oil prices settled higher on Wednesday after U.S. crude stocks fell to their lowest levels in three years as refining activity recovered from...

September 22, 2021
Oil Climbs, New Decline in U.S. Crude Inventories - EIA
Oil Climbs, New Decline in U.S. Crude Inventories - EIA

Crude oil futures rose Wednesday, finding support after U.S. government data revealed that U.S. inventories declined for a seventh week in a row,...

September 21, 2021
U.S. Oil Loses Grip on $70 Price Level after Fresh Selloff
U.S. Oil Loses Grip on $70 Price Level after Fresh Selloff

Oil futures declined on Tuesday, with tthe U.S. benchmark falling below the $70-a-barrel mark, after a broad selloff in the previous session...

September 20, 2021
Oil Falls to $74 on Risk-Averse Mood, U.S. Gulf Output
Oil Falls to $74 on Risk-Averse Mood, U.S. Gulf Output

Oil dropped more than $1 a barrel to around $74 on Monday as rising risk aversion weighed on stock markets and boosted the U.S. dollar, while more...

September 15, 2021
Oil Prices Up over 3% as WTI Supplies Fall 6th-Straight Week
Oil Prices Up over 3% as WTI Supplies Fall 6th-Straight Week

Oil futures climbed by more than 3% on Wednesday, eyeing their highest settlement since late July, after U.S. government data showed a more than...

September 13, 2021
Oil Rises as OPEC Boosts 2022 Demand Outlook
Oil Rises as OPEC Boosts 2022 Demand Outlook

Oil futures moved higher Monday, finding support on concerns about output in the Gulf of Mexico in the aftermath of Hurricane Ida.

Oil, Banks Lift European Stocks on Recovery Bets
Oil, Banks Lift European Stocks on Recovery Bets

European stocks rose on Monday, with oil, banks and utility shares driving gains as investors hoped that a strong euro zone economic recovery would...

September 10, 2021
Oil Rallies to $73 on Tight U.S. Supplies, Biden-Xi Call
Oil Rallies to $73 on Tight U.S. Supplies, Biden-Xi Call

Oil rose to briefly top $73 a barrel on Friday, supported by growing signs of supply tightness in the United States as a result of Hurricane Ida...

September 9, 2021
Oil Futures Gain Ground ahead of U.S. Storage Data
Oil Futures Gain Ground ahead of U.S. Storage Data

Oil futures moved higher early Thursday as traders awaited official data on U.S. inventories and a large of chunk of output in the Gulf of Mexico...

September 8, 2021
Oil Futures Rally as Crude Output Slow to Recover from Ida
Oil Futures Rally as Crude Output Slow to Recover from Ida

Oil futures rose Wednesday, finding support on a sluggish return to crude output in the Gulf of Mexico in the wake of Hurricane Ida.

Oil Climbs on Slow Return of U.S. Supply after Hurricane Ida
Oil Climbs on Slow Return of U.S. Supply after Hurricane Ida

Oil prices rose on Wednesday, supported by a slow production restart in the U.S. Gulf of Mexico and resumption of refining activities, although the...

September 7, 2021
Oil Slides 2% on Worries about Weak Demand
Oil Slides 2% on Worries about Weak Demand

Oil prices fell on Tuesday on concerns about weak demand in the United States and Asia, although ongoing production outages on the U.S. Gulf Coast...

September 3, 2021
Oil Lowers amid Slow Recovery in Gulf Coast Operations
Oil Lowers amid Slow Recovery in Gulf Coast Operations

Oil futures on Friday traded edged lower, on the back of a slow post-hurricane recovery in energy operations at the Gulf of Mexico and a...

September 2, 2021
US Crude Inventories Declined more than Expected
US Crude Inventories Declined more than Expected

US oil inventories declined more than expected last week. The EIA report noted a 7.2M barrel drop in commercial inventories, vs -2.5M expected....

September 1, 2021
Oil Lower on Reports that OPEC+ Raised its Demand Forecast
Oil Lower on Reports that OPEC+ Raised its Demand Forecast

Oil futures turned sharply lower on Wednesday, with traders attributing the move to reports that OPEC and its allies raised their global oil demand...

August 31, 2021
Oil Futures Edge Lower as Refineries Struggle to Reopen
Oil Futures Edge Lower as Refineries Struggle to Reopen

Oil futures traded lower Tuesday, with U.S. Gulf Coast refineries struggling to resume operations after being knocked offline by Hurricane Ida

August 30, 2021
Ida Sends Gasoline Prices Up as it Knocks Refineries Offline
Ida Sends Gasoline Prices Up as it Knocks Refineries Offline

Gasoline futures climbed on Monday, while oil prices made modest moves in either direction, a day after Hurricane Ida made landfall in Louisiana,...

August 26, 2021
Oil Prices take Breather after 3-Day Winning Streak
Oil Prices take Breather after 3-Day Winning Streak

Oil futures traded lower Thursday, taking a breather after three consecutive winning sessions, with investors assessing the outlook for demand...

Oil Rally Ends amid COVID-19 Concerns, Returning Supply
Oil Rally Ends amid COVID-19 Concerns, Returning Supply

Oil fell on Thursday for the first session this week as renewed concerns about demand amid rising COVID-19 infections cut short a three-day rally,...

August 25, 2021
Oil Moves Up with U.S. Crude Supplies down 3rd Straight Week
Oil Moves Up with U.S. Crude Supplies down 3rd Straight Week

Oil futures traded higher Wednesday, finding some support from a third straight drop in U.S. crude inventories, but the spread of COVID-19 cases...

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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