After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.
Tag - wti - west texas intermediate
Great news for oil bulls! OPEC and its allied producers agreed to expand output cuts for the next month.
The USD skyrocketed after Fed Powell’s speech. OPEC and allied producers agreed to extend production cuts for another month. Oil surged.
Bitcoin skyrocketed to another record, approaching the milestone of $50 000. Jump in to get the full market wrap!
The global recovery increased the demand for crude oil and dragged the price to the pre-crisis levels.
Oil fell below $52.00 because investors expect a weaker oil demand amid rising Covid-19 infections and new lockdowns.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
WTI oil pulled back after it surged above $52.00 for the first time since February. What's next?
The market sentiment deteriorated as the new Covid-19 variant engulfed the UK. As a result, riskier assets such as S&P 500, oil, the AUD, the NZD dropped.
Investors are waiting for the significant decision of OPEC+ members to prolong oil output cuts or stop them.
EUR/USD, the S&P 500, gold, and oil - everything is here! Jump in!
Oil has surged to March highs amid optimistic vaccine news and the peaceful presidential transition. Read to know forecasts!