Oil market news


Brent Jumps Above $30 a Barrel in Early Europe Session

Brent Jumps Above $30 a Barrel in Early Europe Session

The price of Brent grew by more than 6 percent in early European trading to reach $31.76 per barrel on Friday morning, after logging its record one-day gain during the previous settlement on the back of news that the major oil producer called for an OPEC+ emergency meeting aimed to balance the ma...


April 2, 2020
Oil Prices Rebound After U.S. Leader’s Optimistic Comment
Oil Prices Rebound After U.S. Leader’s Optimistic Comment

Oil prices surged sharply on Thursday after President Trump said he is confident Russia and Saudi Arabia will strike a deal soon to clear up the...

April 1, 2020
Oil Declines Amid Supply Glut Worries as U.S. Stocks Rise
Oil Declines Amid Supply Glut Worries as U.S. Stocks Rise

Oil prices continued to fall on Wednesday after an all-time quarterly and monthly loss, as oversupply in the U.S. inventories exceeding...

March 31, 2020
Oil Pares Losses Due to Hopes for Top Energy Officials Talks
Oil Pares Losses Due to Hopes for Top Energy Officials Talks

Oil prices recouped part of the recent losses on Tuesday, jumping away from 18-year lows due to a drop in demand, triggered by  the...

March 30, 2020
Oil Prices Tumble as Pandemic Overshadows Demand Outlook
Oil Prices Tumble as Pandemic Overshadows Demand Outlook

Oil rates decrease sharply on Monday, as worries about a blow in demand from the virus pandemic extended to put pressure on investors sentiment....

March 27, 2020
Oil Sinks as Crippled Demand Overshadows Stimulus
Oil Sinks as Crippled Demand Overshadows Stimulus

Oil prices plummet on Friday, as investors remain worried enough about the aggressive spread of the Covid-19 virus in the world as the U.S. passed...

March 26, 2020
Oil Prices Decrease as Weak Demand Overshadows Stimulus
Oil Prices Decrease as Weak Demand Overshadows Stimulus

Brent rates extended their decline on Thursday as worries regarding the Covid-19 pandemic impact on oil demand weigh as many nations have imposed...

March 25, 2020
Oil Prices Mixed, Markets Anticipate U.S. Stimulus Package
Oil Prices Mixed, Markets Anticipate U.S. Stimulus Package

Oil prices rose for the third consecutive session on Wednesday early trading in the hope that the U.S. will soon approve a large-scale package of...

March 24, 2020
Oil Prices Rallied Nearly 5% Due to Weaker Dollar
Oil Prices Rallied Nearly 5% Due to Weaker Dollar

Oil prices accelerated growth on Tuesday due to hopes that the U.S. will soon agree a $2Tn package of economic support to combat coronavirus...

March 23, 2020
UBS Trims Oil Price and Demand Forecast
UBS Trims Oil Price and Demand Forecast

UBS Bank on Monday sharply worsened the forecast for oil rates and expects global demand to drop by 5-10 million barrels per day in March at annual...

March 20, 2020
Oil Prices Advance due to Hopes of U.S. Leader Intervention
Oil Prices Advance due to Hopes of U.S. Leader Intervention

Oil prices continued to gain momentum on Friday after U.S. Leader Trump made it clear that he might get involved into the price war between Russia...

March 19, 2020
Oil Rates Stage Rebound After Days of Harsh Selling
Oil Rates Stage Rebound After Days of Harsh Selling

On Thursday oil rates retreated from their all-time lows, as investors got a solid influx of central bank and government incentives in an effort to...

March 18, 2020
Oil Drops For 3rd Session in a Row, as Travel Ban Weighs
Oil Drops For 3rd Session in a Row, as Travel Ban Weighs

Oil rates are dropping for a third consecutive settlement on Wednesday, losing around 17 percent this week amid continued concerns over fuel demand...

March 17, 2020
Oil Prices Attract Investors, Brent Surges Almost 3%
Oil Prices Attract Investors, Brent Surges Almost 3%

Brent oil prices soared by more than 2 percent on Tuesday after the previous sharp drop during the last several sessions amid the coronavirus...

March 16, 2020
Coronavirus Demand Hit and Price War Push Oil Rates Down
Coronavirus Demand Hit and Price War Push Oil Rates Down

Oil extended its dropping on Monday, as a sudden rate cut by the Federal Reserve could not calm the global markets, seized by financial  panic...

March 13, 2020
Oil Gains but Still Set for All-Time Weekly Drop Since 2008
Oil Gains but Still Set for All-Time Weekly Drop Since 2008

Oil was on its way to register its largest drop on weekly basis since the 2008 crisis despite a 5 percent  ricochet upwards on Friday, as the...

March 12, 2020
Tullow Oil Prospect in Doubt if Oil Slump Upsets Asset Sale
Tullow Oil Prospect in Doubt if Oil Slump Upsets Asset Sale

A multinational oil and gas exploration company, Tullow Oil, delivered a warning on Thursday that oil tumble may threaten planned $1 billion asset...

March 11, 2020
Oil Prices Sag After Saudi Announcement to Boost Production
Oil Prices Sag After Saudi Announcement to Boost Production

Oil prices tried to gain momentum on Wednesday amid hopes for a decrease in U.S. production, but growth was short-term, as markets doubted over the...

March 10, 2020
Oil Surges by More Than 7% on Hopes for New Incentives
Oil Surges by More Than 7% on Hopes for New Incentives

Oil prices managed to recover losses on Tuesday, soaring by more than 7 percent after a record drop over almost 30 years during the previous...

March 9, 2020
Oil Crashes as Saudi Arabia Fires Opening Salvo in Price War
Oil Crashes as Saudi Arabia Fires Opening Salvo in Price War

Oil rates crashed by more than a quarter of their value, being on track on Monday to register their largest one-day decrease in almost 30 years.

March 6, 2020
Oil Slips on Back of Concerns Over Demand and OPEC Deal
Oil Slips on Back of Concerns Over Demand and OPEC Deal

Oil prices are falling on Friday due to fears regarding fuel demand amid a global outbreak of coronavirus, reinforced by worries that non-OPEC oil...

March 5, 2020
Oil Jumps in Run-Up to OPEC Meeting
Oil Jumps in Run-Up to OPEC Meeting

Oil jumps almost 1 percent on Thursday in run-up to an OPEC meeting where Saudi Arabia is seen to persuade the group and its partners including...

March 4, 2020
Oil Extends Advancing as OPEC+ Closer to Further Output Cuts
Oil Extends Advancing as OPEC+ Closer to Further Output Cuts

Oil extends gains on Wednesday on the back of hopes that major crude producers have made progress towards signing an agreement to for deeper output...

March 3, 2020
Oil Extends Gains in Hopes for Incentives and Deeper Cuts
Oil Extends Gains in Hopes for Incentives and Deeper Cuts

Oil prices continue to advance on Tuesday, extending gains for the second day in a row on expectations that world’s central banks are likely...

March 2, 2020
Oil Picks Up Away From Lows due to Hopes for Production Cuts
Oil Picks Up Away From Lows due to Hopes for Production Cuts

Oil prices surge by more than 3 percent on Monday after reaching multi-year lows, as expectations for stronger cuts in production by OPEC and its...

February 28, 2020
Oil on Track to Post Record Weekly Low in More Than 4 Years
Oil on Track to Post Record Weekly Low in More Than 4 Years

Oil prices dropped to a minimum of more than a year on Friday and can register a maximum weekly decline for more than 4 years, as the rapid spread...

February 27, 2020
Oil Decreases for 5th Session in Row, Hitting 13-Month Low
Oil Decreases for 5th Session in Row, Hitting 13-Month Low

Oil prices extend dropping for the fifth consecutive session on Thursday, reaching lows last time seen in January last year, as rising number of...

February 26, 2020
Oil Decreases Amid Hopes for Further Output Slash by OPEC+
Oil Decreases Amid Hopes for Further Output Slash by OPEC+

Oil futures are trading down on Wednesday after a three-day decline amid growing fears of the coronavirus pandemic and hopes for an additional...

February 25, 2020
Oil Rebounds due to Hopes for Short-Term Virus Effect
Oil Rebounds due to Hopes for Short-Term Virus Effect

Oil steadied on Tuesday as investors hunted for bargains after main crude oil indicators plunged almost 4 percent during the prior settlement,...

February 24, 2020
Oil Prices Drop on Demand Fears as Virus Spreads Worldwide
Oil Prices Drop on Demand Fears as Virus Spreads Worldwide

Oil rates went down by 3 percent on Monday, as the speedy spread of a Covid-19 in several other countries additionally to China left investors...

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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