Crude Oil

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Oil unlikely to hold rebound as recession fears intensify

A sharp slowdown in the global economy is now inevitable…

What’s driving the global markets right now?

Everything you need to know about the current economic and monetary policy environment, and what it all means for financial markets

Commodities breaking lower as demand concerns intensify

Weakness in China, stagflation across the world and rising prices hurt demand

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Lira slumps further as crude oil nears $122

Lira slumps further as crude oil nears $122

USD/MXN looking to push to pre-pandemic lows

Both a hawkish Bank of Mexico and the rise in Crude Oil prices have been pushing USD/MXN lower.

Crude oil: Could we see 14-year highs in WTI soon?

From a fundamental perspective, the rise in oil prices comes down to simply supply and demand.

OPEC + hikes output more than expected

The rumors are still making the rounds that OPEC+ may suspend Russia and that Saudi Arabia may increase production as price continues to soar.

June 2, 2022 04:59 PM

Canadian inflation remains excessively high. What does it mean for USD/CAD?

The Canadian CPI print confirmed what the markets had already expected: that inflation continues to rise and will force the BOC to raise rates further.

Oil prices rally again, piles further misery on lira

Rising oil prices have been great news for oil producers and bad for almost everyone else, not least turkey.

May 17, 2022 01:06 PM

OPEC+ set for existing deal despite China, overcompliance concerns

The OPEC and its allies (OPEC+) are continuing to slowly relax the output cuts they introduced in 2020

Crude rallies as EU unveils plan to ban Russian oil imports

The plan will see Russian supply of crude oil phased out within six months and crude products by the end of the year

WTI crude oil (USOIL) coiling: Breakout imminent?

The symmetrical triangle is approaching its apex, raising the probability of a high-volatility breakout in the coming days...

April 5, 2022 04:09 PM

Could a massive oil reserves release work?

Reports that the U.S is weighing the release of oil from its reserve to help counter surging inflation has triggered a 6.50% dive in the price of crude oil to below $101.00.

6 reasons Crude Oil is lighting it up; USD/HUF along for the ride

There is a strong positive correlation between the direction of WTI Crude Oil and USD/HUF

A complete guide to the Organization of the Petroleum Exporting Countries (OPEC)

Meetings and policy changes from OPEC are key drivers of oil prices, so it’s important to understand how the organisation works and how it can impact your positions on oil markets. Find out everything you need to know about OPEC in our one-page guide.

SP500 - a dead cat bounce or the start of a stronger recovery?

A synchronised "risk-on" move across multiple asset classes overnight, including the S&P500 and oil, based on optimism that Russia and Ukraine may find a diplomatic solution to end the bitter war and that OPEC+ will increase oil supply.

Asian Open: Equities rally and oil plunges on hopes of fresh supply

Oil prices continued to grip sentiment (but this time to the advantage of equity traders) after UAE said they would support a production increase.

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ASX200 Afternoon Wrap 9th of March 2022

A stellar rebound for the ASX200 today, ending a run of three consecutive down days to add 73 points closing at 7053 (1.04%). All sectors finished higher on the day.

Asian Open: UK and US to ban Russian oil, EUR/JPY rises into resistance

In a move that Europe is likely too reluctant to simply wade into, Biden announced that Russian oil is no longer welcome at US ports.

Oil back above $100 as Russia/Ukraine tensions heat up

Rumors of a large convoy of military trucks and armored vehicles heading toward the capital of Kyiv are driving oil prices higher.

March 1, 2022 02:23 PM

Russia-Ukraine crisis: BP to offload stake in Russia’s Rosneft

BP’s strong relationship with Russia has seen the stock lose ground since conflict in Ukraine erupted last week, while other oil stocks have rallied on higher prices.

BP to exit Russian State Owned Rosneft Stake

If there is one positive from Russia's attack on Ukraine, it has been how Putin's needless act of aggression has managed to unite a previously fragmented association of countries and their people into a global coalition fighting for Ukraine.

Is WTI Crude Oil on its way to $109?

If price does pullback, it doesn’t mean it can’t go higher later, possibly even towards the double bottom target near $109.