opec

Oil stalled at the 200-day MA; OPEC+ announced a 2M bpd cut for Q1 2024, falling short of expectations. Will bulls recover or $70 retest looms?

2023-12-01T04:46:20+0000

Following the disappointing read in China’s official PMI yesterday, the Caixin PMI data has provided a more optimistic view.

2023-12-01T02:32:20+0000

The group decided to reduce production by an additional one million barrels per day.

2023-11-30T16:09:49+0000

Delayed OPEC+ meeting to take place on Thursday at 13:00 GMT – individual quotas and supply cuts remain central to the meeting and brent crude prices head lower after notable rejection at the intersection of the crucial $82 level.

2023-11-28T04:48:39+0000

Oil is the most widely traded commodity in the world, meaning that a good trading strategy is essential. We look at the top oil trading strategies to employ and go through the basic drivers of the oil price.

2023-10-31T12:30:50+0000

Some analysts speculate that the recent spike in crude oil prices may be temporary, unless supply or transport disruptions endure. Iran remains a pivotal player, facing potential constraints if entangled in the unfolding conflict.

2023-10-11T01:27:58+0100

​​The solid payrolls report on Friday prompted gains for stock markets, but these have been unwound slightly after the events of the weekend. Meanwhile, oil prices have surged.

2023-10-09T10:07:38+0100

Despite Saudi Arabia and Russia maintain their oil production cut till the end of the year, concerns regarding the deteriorating economic environment seem to have taken precedence, resulting in a decline of over 9% in just a week.

2023-10-05T06:21:54+0100