Oil market news


Oil Prices Dip on Back of Unrest in Libya

Oil Prices Dip on Back of Unrest in Libya

Political unrest in Iraq and Libya compel these countries to cut oil production - in Libya immediately by 800 thousand barrels per day, which caused an increase in prices on Monday. Nevertheless, the International Energy Agency (IEA) maintains a production forecast for 2020 of non-OPEC countries ...


January 20, 2020
Oil Prices Moderately Rise After Libya Supplies Cessation
Oil Prices Moderately Rise After Libya Supplies Cessation

Oil prices grew on Monday amid supply worries after output was affected in Libya and Iraq. Recall, in Libya, two big oil wells started shutting...

January 17, 2020
Oil Prices Flat Amid Worries Over Chinese Demand
Oil Prices Flat Amid Worries Over Chinese Demand

Oil prices were flat on Friday, as reports of slack economic growth in China, the world's largest oil importer, have raised demand concerns,...

January 16, 2020
Euphoria Over Signing Phase 1 Trade Deal Supports Oil Prices
Euphoria Over Signing Phase 1 Trade Deal Supports Oil Prices

Oil prices rise on Thursday after Washington and Beijing signed the first part of the trade deal, which includes, among other things, China’s...

January 15, 2020
Oil Prices Drop, March OPEC Meeting Feasibility in Doubt
Oil Prices Drop, March OPEC Meeting Feasibility in Doubt

Oil prices declined on Wednesday due to fears that the expected “Phase One” of trade deal between the U.S and China, the world's...

January 14, 2020
Oil Prices Drop, Investors Watch U.S.-China Trade Deal
Oil Prices Drop, Investors Watch U.S.-China Trade Deal

Oil prices began to fall again after a slight rise on Tuesday, while investors focused on signing a preliminary trade deal between the United...

January 13, 2020
Oil Prices Rises Slightly Amid Weakening U.S.-Iran Tensions
Oil Prices Rises Slightly Amid Weakening U.S.-Iran Tensions

Oil prices rise slightly on Monday amid easing fears over the U.S.-Iran tensions escalation, while investors turned their attention to signing the...

January 10, 2020
Oil Moves Down on Amid Middle East Tension Easing
Oil Moves Down on Amid Middle East Tension Easing

Oil prices are declining again on Friday amid fading war threat in the Middle East, investors have turned their attention to forecasts of economic...

January 9, 2020
Oil Prices Grow After Missile Attacks in Baghdad
Oil Prices Grow After Missile Attacks in Baghdad

Oil prices grew on Thursday amid new concerns of a Middle East conflict after a missile attack in Baghdad.

January 8, 2020
Oil Modestly Rises, U.S. Stock Futures Cut Early Losses
Oil Modestly Rises, U.S. Stock Futures Cut Early Losses

Oil rates surged and U.S. stock market futures went down late Tuesday after Iran fired Iraq bases, where U.S. troops were located, raising concerns...

January 6, 2020
Oil Prices May Rise Further Amid Middle East Unrest
Oil Prices May Rise Further Amid Middle East Unrest

Oil prices immediately responded to growing tensions between the U.S. and Iran with a strong increase - surging above $70 per barrel on Monday.

January 3, 2020
Oil Rates Surge After  Events in Baghdad
Oil Rates Surge After Events in Baghdad

Crude futures for international benchmark Brent surged by almost $3 on Friday, touching their strongest result since September 2019 after a...

January 2, 2020
Oil Begins New Year Firmly due to Trade Optimism
Oil Begins New Year Firmly due to Trade Optimism

Oil rates began the new year up on Thursday as easing trade tensions between Beijing and Washington alleviated demand worries, whereas the Middle...

December 30, 2019
Oil Prices Wobble; Markets Asses U.S. Drillers Data
Oil Prices Wobble; Markets Asses U.S. Drillers Data

Energy companies in U.S. diminished the number of operating oil rigs in three weeks as oil drillers carry on to stick to cost reduction plans.

December 27, 2019
Oil at 3-Month High as U.S. Consumer Spending Inspires
Oil at 3-Month High as U.S. Consumer Spending Inspires

Oil prices continued their growth after a short holiday break on Friday, reaching three-month peak after recent report, which showed record online...

December 26, 2019
Oil Prices Grow Amid Trade News and OPEC Production Cuts
Oil Prices Grow Amid Trade News and OPEC Production Cuts

Oil prices rise on Thursday in the hope of ending the U.S.-China trade war and thanks to OPEC efforts to limit global fuel supply.

December 24, 2019
Oil Prices Jump due to Hopes for U.S. Lowered Inventories
Oil Prices Jump due to Hopes for U.S. Lowered Inventories

Oil moderately rises in price on low-activity pre-holiday trading on Tuesday after Russia’s minister of Energy comments regarding the plans...

Oil Rises Slowly Due to Expectations of U.S. Stocks Decline
Oil Rises Slowly Due to Expectations of U.S. Stocks Decline

Oil is rising moderately on Tuesday after Russian Energy Minister Alexander Novak statements to continue working with OPEC to support the market...

December 23, 2019
Oil Prices Ease But Trade Deal Hopes Cap This Drop
Oil Prices Ease But Trade Deal Hopes Cap This Drop

Oil rates drop on Monday, but the prices decrease was capped by expectations that the United States and China will soon come to a trade deal...

December 20, 2019
Oil Prices Retreat, but Still Close to 3-Month High
Oil Prices Retreat, but Still Close to 3-Month High

Oil prices hover near three-month highs on Friday and may show weekly growth for the third consecutive week amid easing tensions around trade...

December 19, 2019
Oil Prices Decline Despite U.S. Inventories Decrease
Oil Prices Decline Despite U.S. Inventories Decrease

Oil prices were wobbling within a narrow range on Thursday, with a hint to drop, halting a series of growth that began a week ago on the back of a...

December 18, 2019
Oil Retreats After U.S. Stock Build
Oil Retreats After U.S. Stock Build

Oil rates decline on Wednesday after data indicated an unexpected increase in U.S. stocks, but expectations for stronger demand next year are...

December 17, 2019
Lukoil Considers Oil at $60-65 Per Barrel 'Comfortable'
Lukoil Considers Oil at $60-65 Per Barrel 'Comfortable'

Oil rates grew on Tuesday during Asian session on the back of trade deal hopes despite concrete details regarding phase one, but prices began to...

December 16, 2019
Oil Recovers Despite Increased Number of Active Rigs in U.S.
Oil Recovers Despite Increased Number of Active Rigs in U.S.

Oil prices grew on Monday on the back of news that both the U.S. and China were preparing for a phase one trade agreement. The additional support...

December 13, 2019
Oil Prices Climb to New Highs on Renewed Trade Hopes
Oil Prices Climb to New Highs on Renewed Trade Hopes

Oil extended gains on Friday, reached 3-month highs as the U.S. and China stepped closer to a settlement of the 18-month trade war between the...

December 12, 2019
Oil Prices Try to Reverse Direction on OPEC Revised Forecast
Oil Prices Try to Reverse Direction on OPEC Revised Forecast

Oil prices rose on Thursday after market sentiment improved amid OPEC's forecast of supply shortages next year, outweighing data on an...

Saudi Aramco Stocks Slightly Hit $2 Trillion Before Slipping
Saudi Aramco Stocks Slightly Hit $2 Trillion Before Slipping

Saudi Aramco's stocks opened up 10 percent in their second exchanging session on Thursday, quickly sending the state-claimed oil...

December 11, 2019
Venezuelan Oil Supply Surges, Crude Prices Drop
Venezuelan Oil Supply Surges, Crude Prices Drop

Venezuelan oil production in November grew by more than 20 percent in comparison to the previous month, registering its high since imposing tougher...

Saudi Aramco Stocks Bounce 10% on Stock Exchange Debut
Saudi Aramco Stocks Bounce 10% on Stock Exchange Debut

Saudi Aramco stocks flooded the most extreme allowed 10 percent over their IPO rates on their Riyadh stock exchange debut on Wednesday, ending the...

December 10, 2019
Oil Tumbles Amid Concerns Over Trade War, Weak Demand
Oil Tumbles Amid Concerns Over Trade War, Weak Demand

Oil prices rates slump on Tuesday for the 2nd session in a row, as concerns over slowing demand outweighed optimism after reaching an OPEC...

December 9, 2019
Goldman Sachs Improves Oil Price Forecast for 2020
Goldman Sachs Improves Oil Price Forecast for 2020

Goldman Sachs experts improved oil price forecasts for 2020 due to a more balanced situation with global demand and supply of fuel after the OPEC...

Oil Prices Decrease on Back of China's Weak Reading
Oil Prices Decrease on Back of China's Weak Reading

Oil prices are falling on Monday after data showed that total Chinese exports of goods and services fell for the fourth consecutive month in...

December 6, 2019
Saudi, Russia Want to Seal Further Yield Cuts With Makers
Saudi, Russia Want to Seal Further Yield Cuts With Makers

Significant oil makers Saudi Arabia and Russia will look for endorsement for more profound yield trims from OPEC and partners on Friday trying to...

Oil Prices Slip Ahead of Key OPEC Decision
Oil Prices Slip Ahead of Key OPEC Decision

OPEC oil ministers met on Thursday so far without any policy-making, but today they continue discussing the key issue whether to cut deeper oil...

December 5, 2019
Oil Prices Likely to Recover in Run-up to OPEC Meeting
Oil Prices Likely to Recover in Run-up to OPEC Meeting

Oil prices mixed on Thursday, as markets are focused on OPEC meeting amid diminished U.S. reserves. OPEC and its allies, including Russia became...

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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