CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved.

Price of oil

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IG Spread betting and CFD Trading

WTI at risk as Asia-Pacific markets open

Crude oil prices crushed as futures market entered contango Friday; cautious risk aversion on Wall Street sets sour tone for Asia trade and WTI Ascending Triangle breakout continues to gather momentum.

2022-11-21T01:45:37+0000

Oil wells

Could these three oil supplies dry up in one month?

In an attempt to shore up oil prices, OPEC+ is planning to cut output by 2 million barrels a day. Also coming in November: the end of the million-barrel-a-day draining of the SPR and potential damage to key European oil pipelines.

2022-10-25T06:23:40+0100

IG Spread betting and CFD Trading

Crude oil price rebound evolves into bull flag formation

The price of oil appears to be trading in a narrow range as it bounces along the 50-Day SMA ($87.54), but crude may attempt to retrace the decline from the monthly high ($93.64) as a bull-flag formation appears to be taking shape.

2022-10-17T04:23:40+0100