Oil market news


OPEC+ Oil Output Cut ahead of Winter Fans Inflation Concerns

OPEC+ Oil Output Cut ahead of Winter Fans Inflation Concerns

Global oil supply is set to tighten, intensifying concerns over soaring inflation after the OPEC+ group of nations announced its largest supply cut since 2020 ahead of European Union embargoes on Russian energy. The move has widened a diplomatic rift between the Saudi-backed bloc and Western...


October 6, 2022
Oil Hovers near 3-Week Highs on OPEC+ Agrees to Slash Crude Output
Oil Hovers near 3-Week Highs on OPEC+ Agrees to Slash Crude Output

Oil prices stabilised near three-week highs on Thursday after OPEC+ agreed to further tighten global crude supply with a deal to slash production...

October 5, 2022
OPEC+ Heads for Deep Supply Cuts, Clash with U.S.
OPEC+ Heads for Deep Supply Cuts, Clash with U.S.

OPEC+ looks set for deep cuts to its oil output targets when it meets on Wednesday, curbing supply in an already tight market despite pressure...

Oil Prices Little Changed ahead of OPEC+ Talks on Supply Cut
Oil Prices Little Changed ahead of OPEC+ Talks on Supply Cut

Oil prices were little changed on Wednesday ahead of a meeting of OPEC+ producers to discuss a big cut in crude output after gaining more than 3%...

October 4, 2022
Oil Prices Edge Up ahead of OPEC+ Meeting to Discuss Supply Cuts
Oil Prices Edge Up ahead of OPEC+ Meeting to Discuss Supply Cuts

Oil prices rose on Tuesday as expectations that OPEC+ may agree to a large cut in crude output on Wednesday offset concerns about the global...

October 3, 2022
Oil Jumps as OPEC+ Weighs Biggest Output Cut since 2020
Oil Jumps as OPEC+ Weighs Biggest Output Cut since 2020

Oil prices jumped by more than $3 on Monday as OPEC+ considers reducing output by more than 1 million barrels per day (bpd) to buttress prices with...

September 30, 2022
Oil Set for Weekly Gain as OPEC+ Considers Output Cut
Oil Set for Weekly Gain as OPEC+ Considers Output Cut

Oil prices were on track for their first weekly gain in five on Friday, underpinned by a weaker dollar and the possibility that OPEC+ will agree to...

September 29, 2022
Oil Prices Drop as Dollar Strengthens, Demand Wakens
Oil Prices Drop as Dollar Strengthens, Demand Wakens

Oil prices fell on Thursday after gaining more than $3 in the prior session, with a strong dollar capping oil demand and concerns over the...

September 28, 2022
Oil Stable as Soaring Dollar Offset by U.S. Output Outages
Oil Stable as Soaring Dollar Offset by U.S. Output Outages

Oil prices were broadly stable on Wednesday as pressure from a strengthening dollar and crude storage builds was offset by U.S. production cuts...

September 27, 2022
Oil Up from 9-Month Low on U.S. Gulf Supply Cuts, Softer USD
Oil Up from 9-Month Low on U.S. Gulf Supply Cuts, Softer USD

Oil rose more than 1% on Tuesday from a nine-month low a day earlier, supported by supply curbs in the U.S. Gulf of Mexico ahead of Hurricane Ian...

September 26, 2022
Oil Prices Fall for a Second Day on Recession Fears
Oil Prices Fall for a Second Day on Recession Fears

Oil prices fell for a second day on Monday on fears of lower fuel demand from a possible global recession sparked by rising interest rates, with...

September 23, 2022
Oil Prices Edge Down, Recession Fears Back in Focus
Oil Prices Edge Down, Recession Fears Back in Focus

Oil prices fell on Friday amid recession fears and a stronger U.S. dollar, though losses were capped by supply concerns after Moscow's new...

September 22, 2022
China's Crude Oil Demand Rebounds as Refiners Prepare to Ramp Up Output
China's Crude Oil Demand Rebounds as Refiners Prepare to Ramp Up Output

At least three Chinese state oil refineries and a privately run mega refiner are considering increasing runs by up to 10% in October from...

September 21, 2022
Oil Prices Surge more than 2% as Putin Mobilises more Troops
Oil Prices Surge more than 2% as Putin Mobilises more Troops

Oil jumped more than 2% on Wednesday after Russian President Vladimir Putin announced a partial military mobilisation, escalating the war in...

September 20, 2022
OPEC+ Supply Shortfall Stands at 3.5% of Global Oil Demand
OPEC+ Supply Shortfall Stands at 3.5% of Global Oil Demand

OPEC+ is now producing below its targets by a record 3.58 million barrels per day - about 3.5% of global demand - highlighting underlying tight...

Oil Little Changed on Expectations that Fed Rate Hike will Curb Demand
Oil Little Changed on Expectations that Fed Rate Hike will Curb Demand

Oil prices steadied on Tuesday on concerns that further U.S. interest rate hikes this week to tame inflation will curb economic growth and fuel...

September 19, 2022
Saudi Arabia's July Crude Oil Exports Rise to over 2-Y Peak
Saudi Arabia's July Crude Oil Exports Rise to over 2-Y Peak

Top oil exporter Saudi Arabia's July crude oil exports gained for a second-straight month to their highest in more than two years, data from...

Oil Falls more than 1% on Demand Fears, Strong Dollar
Oil Falls more than 1% on Demand Fears, Strong Dollar

Oil fell by more than 1% on Monday, pressured by expectations of weaker global demand and by U.S. dollar strength ahead of a possible large...

September 16, 2022
Oil Ticks Up, on Track for Weekly Loss on Recession Fears
Oil Ticks Up, on Track for Weekly Loss on Recession Fears

Oil prices edged higher on Friday but were on track for a weekly decline amid fears of sharp interest rate hikes that would slam global growth and...

September 15, 2022
Oil Steadies, Demand Concerns Weigh, Supply Worries Support
Oil Steadies, Demand Concerns Weigh, Supply Worries Support

Oil steadied on Thursday as expectations of weaker demand and a strong U.S. dollar ahead of a potentially large interest rate increase balanced...

September 14, 2022
Oil Dips nearly 1%, Reversing Gains after Bearish U.S. Data
Oil Dips nearly 1%, Reversing Gains after Bearish U.S. Data

Oil prices ended nearly 1% lower on Tuesday, reversing earlier gains as U.S. consumer prices unexpectedly rose in August, giving cover for the U.S....

September 12, 2022
Oil Prices Drop amid China COVID Curbs, Possible Rate Hikes
Oil Prices Drop amid China COVID Curbs, Possible Rate Hikes

Oil prices fell on Monday with the global fuel demand outlook overshadowed by COVID-19 restrictions in China and the potential for further interest...

September 9, 2022
Oil Supported by Supply Threats Yet Still Set for Weekly Drop on Demand Fears
Oil Supported by Supply Threats Yet Still Set for Weekly Drop on Demand Fears

Oil rose on Friday supported by real and threatened cuts to supply, although crude was set for a second weekly decline as aggressive interest rate...

September 8, 2022
Oil Prices Climb on Tight Supply Worries
Oil Prices Climb on Tight Supply Worries

Oil prices rose by as much as $1 per barrel on Thursday after dropping below key technical support levels in the previous session, as an energy...

September 7, 2022
Oil Falls on Renewed Demand Fears, Rate Hike Expectations
Oil Falls on Renewed Demand Fears, Rate Hike Expectations

Oil prices fell more than $1 on Wednesday to their lowest since before Russia invaded Ukraine as COVID-19 curbs in top crude importer China and...

September 6, 2022
Oil Slides as Demand Fears Return after OPEC-led Rally
Oil Slides as Demand Fears Return after OPEC-led Rally

Oil fell on Tuesday after a two-day rally as concern returned about weaker demand and the prospect of more interest rate hikes, trumping support...

September 5, 2022
Oil Prices Jump more than $2 ahead of OPEC+ Meeting
Oil Prices Jump more than $2 ahead of OPEC+ Meeting

Oil prices rose more than $2 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to cut output and support...

September 2, 2022
Oil Gains ahead of OPEC+ Meeting; Russian Oil Price Cap Looms
Oil Gains ahead of OPEC+ Meeting; Russian Oil Price Cap Looms

Oil prices climbed on Friday on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, though fears of China's COVID-19 curbs and...

August 31, 2022
Oil Prices Climb 1% as U.S. Fuel Inventories Fall
Oil Prices Climb 1% as U.S. Fuel Inventories Fall

Oil prices recovered slightly on Wednesday as data pointed to firm U.S. fuel demand, providing respite after a 5% drop a day earlier on fears that...

August 30, 2022
Oil Tumbles on Inflation Woes, Iraq Exports
Oil Tumbles on Inflation Woes, Iraq Exports

Oil prices fell Tuesday on fears that an inflation-induced weakening of global economies would soften fuel demand, and as Iraqi crude exports have...

August 25, 2022
Oil Prices Rise on Potential OPEC+ Supply Cuts
Oil Prices Rise on Potential OPEC+ Supply Cuts

Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut...

August 24, 2022
Brent Oil Climbs above $100 Barrel amid Talk about OPEC Cuts
Brent Oil Climbs above $100 Barrel amid Talk about OPEC Cuts

Benchmark Brent oil climbed above $100 a barrel on Wednesday after Saudi Arabia suggested this week that OPEC could consider cutting output in...

August 23, 2022
Oil Climbs as Tight Supply Moves Back into Focus
Oil Climbs as Tight Supply Moves Back into Focus

Oil rose $1 a barrel on Tuesday as tight supply moved back into focus as a result of Saudi Arabia floating the idea of OPEC+ output cuts to support...

August 22, 2022
Oil Slumps on Fears over Economic Slowdown, Stronger Dollar
Oil Slumps on Fears over Economic Slowdown, Stronger Dollar

Oil prices slumped on Monday as investors were concerned that aggressive U.S. interest rate hikes might weaken the global economy and fuel demand...

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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