Oil market news


Oil Prices on Track to Snap Two-Week Losing Streak

Oil Prices on Track to Snap Two-Week Losing Streak

Oil prices rose on Friday, on track to end higher this week after two straight weeks of losses, after a top U.S. official expressed optimism over economic growth and as supply concerns lingered due to conflicts in the Middle East. Brent crude futures gained 47 cents, or 0.5%, to $89.48 a bar...


April 25, 2024
Oil Eases as US Demand Concerns Outweigh Middle East Fears
Oil Eases as US Demand Concerns Outweigh Middle East Fears

Oil prices steadied on Thursday after settling lower in the previous day, as signs of retreating fuel demand in the U.S., the world's biggest...

April 24, 2024
Oil Prices Climb amid US Stocks Decline, Middle East Conflict
Oil Prices Climb amid US Stocks Decline, Middle East Conflict

Oil prices extended gains on Wednesday after industry data showed a surprise drop in U.S. crude stocks last week, a positive sign for demand,...

April 23, 2024
Oil Rises on Robust EU Data as Mideast Tensions Linger
Oil Rises on Robust EU Data as Mideast Tensions Linger

Oil prices gained on Tuesday after stronger economic data out of Europe, as investors also weighed the potential fallout from any fresh U.S....

April 22, 2024
Oil Prices Fall more than 1% as Iran-Israel Tensions Ease
Oil Prices Fall more than 1% as Iran-Israel Tensions Ease

Oil prices fell by more than 1% on Monday, as the market focus switched to fundamentals after Israel and Iran played down the risk of an escalation...

April 19, 2024
Oil Surges as Reports of Israeli Strike on Iran Roil Markets
Oil Surges as Reports of Israeli Strike on Iran Roil Markets

Oil prices jumped on Friday as reports that Israel had attacked Iran roiled markets and sparked concerns that Middle East oil supply could be...

April 18, 2024
Oil Stabilises after Sharp Drop on Demand Concerns, Easing of Middle East Tension
Oil Stabilises after Sharp Drop on Demand Concerns, Easing of Middle East Tension

Oil prices were little changed after a 3% drop in the previous session as the market remains concerned about demand this year and on signs that a...

April 17, 2024
Oil Dips as Demand Worries Outweigh Middle East Supply Risks
Oil Dips as Demand Worries Outweigh Middle East Supply Risks

Oil prices slipped for the third straight session on Wednesday as likely higher U.S. commercial inventories weighed, while weaker economic data...

April 16, 2024
Oil Slips as Concern Eases about Middle East Supply Risk
Oil Slips as Concern Eases about Middle East Supply Risk

Oil edged lower on Tuesday as easing concern about supply risks and a rapidly escalating conflict after Iran's weekend attack on Israel offset...

April 15, 2024
Oil Falls after Iran Attack, Market Draws Down Risk Premium
Oil Falls after Iran Attack, Market Draws Down Risk Premium

Oil prices fell on Monday as market participants dialled back risk premiums following Iran's weekend attack on Israel that the Israeli...

April 11, 2024
Oil Prices Slip, Inflation Concerns Offset Mideast Tensions
Oil Prices Slip, Inflation Concerns Offset Mideast Tensions

Oil prices slipped on Thursday as persistent inflation dampened rate cut optimism but stayed near six-month highs as investors braced for a...

April 10, 2024
Oil Rises, Middle East Worries Offset US Crude Stock Buildup
Oil Rises, Middle East Worries Offset US Crude Stock Buildup

Oil prices rose on Wednesday after two straight days of losses, as the deadlock in Gaza ceasefire talks renewed uncertainty about the security of...

April 9, 2024
Oil Prices Turn Higher as Middle East Ceasefire Hopes Wane
Oil Prices Turn Higher as Middle East Ceasefire Hopes Wane

Oil prices rose on Tuesday after hopes diminished that negotiations between Israel and Hamas would lead to a ceasefire in Gaza amid concerns the...

April 8, 2024
Despite $90 Crude, US Oil Output Capped by Weak Natgas Prices
Despite $90 Crude, US Oil Output Capped by Weak Natgas Prices

U.S. crude oil prices last week climbed to their highest this year, but a weak natural gas market, steeper costs and a focus on shareholder returns...

Oil Slides more than 1% as Middle East Tensions Ease
Oil Slides more than 1% as Middle East Tensions Ease

Oil prices slid more than $1 a barrel on Monday, with Brent falling below $90, as Middle East tensions eased after Israel withdrew more soldiers...

April 5, 2024
Oil Heads for 2nd Weekly Gain on Geopolitical Tension, Supply Concerns
Oil Heads for 2nd Weekly Gain on Geopolitical Tension, Supply Concerns

Oil prices extended gains on Friday and headed for a second weekly gain, supported by geopolitical tensions in Europe and the Middle East, concerns...

April 4, 2024
Oil Prices Rise on Concerns of Lower Supply, Signs of U.S. Economic Growth
Oil Prices Rise on Concerns of Lower Supply, Signs of U.S. Economic Growth

Oil prices rose on Thursday on concerns of lower supply as major producers are keeping output cuts in place and on signs of stronger economic...

April 3, 2024
Brent Oil Futures above $89 as Supply Risks Intensify
Brent Oil Futures above $89 as Supply Risks Intensify

Oil prices were stable on Wednesday, as investors mulled supply risks stemming from ongoing Ukrainian attacks on Russian refineries and the...

OPEC+ Unlikely to Change Output Policy at Panel Meeting
OPEC+ Unlikely to Change Output Policy at Panel Meeting

An OPEC+ ministerial panel is unlikely to recommend any oil output policy changes at a meeting later on Wednesday, three OPEC+ sources told...

April 2, 2024
Brent Breaks above $88 on Fresh Supply Threats
Brent Breaks above $88 on Fresh Supply Threats

Global oil benchmark Brent rose above $88 a barrel for the first time since October on Tuesday as oil supplies faced fresh threats with more...

April 1, 2024
Oil Rises, Investors Bet on Tighter Supply, China's Economy
Oil Rises, Investors Bet on Tighter Supply, China's Economy

Oil prices added to recent gains on Monday amid expectations of tighter supply from OPEC+ cuts and attacks on Russian refineries while upbeat...

March 28, 2024
Oil Prices Advance as Investors Reassess US Inventories Data
Oil Prices Advance as Investors Reassess US Inventories Data

Oil prices edged up on Thursday, following two consecutive sessions of decline, as investors reassessed the latest data on U.S. crude oil and...

March 27, 2024
Oil Falls 1% as US Crude Inventories Surge
Oil Falls 1% as US Crude Inventories Surge

Oil prices fell for a second day, dropping more than 1% on Wednesday on surging U.S. stockpiles and signs that the OPEC+ producer group is unlikely...

March 26, 2024
Oil Steadies as Markets Weigh Russian Supply Woes
Oil Steadies as Markets Weigh Russian Supply Woes

Oil prices were little changed on Tuesday as investors took a more mixed view toward the loss of Russian refinery capacity after recent Ukrainian...

OPEC+ Unlikely to Change Output Policy before June Meeting
OPEC+ Unlikely to Change Output Policy before June Meeting

OPEC+ is unlikely to make any oil output policy changes until a full ministerial gathering in June, three OPEC+ sources told Reuters ahead of next...

March 25, 2024
Oil Drifts Higher on Heightened Supply Concerns
Oil Drifts Higher on Heightened Supply Concerns

Oil prices rose more than 1% on Monday as hostilities intensified between Russia and Ukraine and in the Middle East. Brent crude futures...

March 22, 2024
Oil Slips on Possible Gaza Ceasefire, Stronger Dollar
Oil Slips on Possible Gaza Ceasefire, Stronger Dollar

Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a...

March 21, 2024
Oil Rebounds on Surprise Drop in US Crude, Gasoline Stocks
Oil Rebounds on Surprise Drop in US Crude, Gasoline Stocks

Oil prices rebounded on Thursday as U.S. crude and gasoline stock drawdowns lent support despite signs that the U.S. Federal Reserve may keep...

March 20, 2024
US Crude and Gasoline Stockpiles Fall, Refining Ramps Up-EIA
US Crude and Gasoline Stockpiles Fall, Refining Ramps Up-EIA

U.S. crude oil stockpiles fell unexpectedly last week as exports rose and refiners continued to increase activity, while gasoline inventories...

India's Feb Russian Oil Imports Edged Up from Jan- Trade
India's Feb Russian Oil Imports Edged Up from Jan- Trade

India's import of Russian oil edged up in February over January, reversing declines seen in the past two months, data from industry sources...

Oil Retreats from Multi-Month Highs, Strong USD Dents Demand
Oil Retreats from Multi-Month Highs, Strong USD Dents Demand

Oil prices edged lower on Wednesday, as a stronger dollar curbed investor appetite while traders took some money off the table after benchmarks...

March 19, 2024
Oil Stays near-Four Month High, Russia Export Uptick Weighs
Oil Stays near-Four Month High, Russia Export Uptick Weighs

Oil prices were largely steady on Tuesday near four-month highs after breaking above range-bound trading last week, but the prospect of rising...

March 18, 2024
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...

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...

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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