WTI is surging toward $100 after OPEC+ cuts extension in early September, supported by the latest API and China data. However, concerns about the impact of higher prices on inflation and the possibility of a recession in the US loom.
Oil reached a 3-month high following a big crude stock drop, marking the largest decline since 1982. We explore its impact on oil prices, the current situation in China, and the upcoming OPEC meeting due on Friday.
As the Chinese central bank continues cutting rates, on the one hand, and as disappointing economic data emerges on the other, volatility across the various market sectors has emerged. Find out more in this article.
Oil prices extended the latest bull run for a fourth consecutive day despite prices having suffered through Tuesday trading after the API reported a larger stock build than expected. The move was primarily attributed to the Biden administration's announced plans to replenish the SPR later this year.
Videos & Articles help you expand your trading knowledge.
Our Economic calendar helps you explore global market events.
Understand the full costs of your trades now for better expense management later.
This information is written by Plus500 Ltd. The information is provided for general purposes only, and does not take into account any personal circumstances or objectives. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. No representation or warranty is given as to the accuracy or completeness of this information. It does not constitute financial, investment or other advice on which you can rely. Any references to past performance, historical returns, future projections, and statistical forecasts are no guarantee of future returns or future performance. Plus500 will not be held responsible for any use that may be made of this information and for any consequences that may result from such use. Hence, any person acting based on this information does so at their own discretion. The information has not been prepared in accordance with legal requirements designed to promote the independence of investment research.
Plus500 uses cookies to improve your browsing experience. You can click "Accept" or continue browsing to consent to cookies usage.
Hi! You've reached our website for customers based outside of the United States.
Make the move to Plus500US in order to start your Futures trading journey!
