Oil market News

News on oil prices is not just information for specialists. This is an important signal for every experienced trader. This section of the website will help you understand when there’s a "Strong buy" signal for oil and when it is a "Strong sell" signal.

Oil price movements are more than just charts on a screen. It is one of the key drivers of the global economy. Understanding these dynamics will help us make rational decisions and adapt to changes.

What determines oil prices?

• Global events. Political crises, conflicts, and agreements between producing countries have a huge impact on oil prices.
• Supply and demand. When many consumers try to buy oil that is in deficit – the prices go up. Otherwise, when supply is greater than demand, the prices go down.
• Russia and Saudi Arabia. These countries are among the biggest oil producers. Their decisions on oil output have a direct impact on the global market.
• OPEC. This is a group of oil-producing countries. Their agreements on production cuts are aided at stabilizing prices.
• Alternative energy sources. The development of solar, wind, and other power stations can weaken the countries' dependence on oil and the impact of its prices.
• Electric cars. The increasing popularity of electric cars reduces the need for gasoline and, consequently, for crude oil.
• Global tensions. Oil is a strategic resource. Geopolitical events can affect its production and prices.
• Environmental constraints. Rising environmental awareness may reduce demand for oil, affecting its price.

Why follow the latest oil news?

• To make informed investment decisions. Being aware of the oil industry news helps you make conscious choices.
• To assess the impact on the economy. Oil prices can affect inflation, economic growth, and even our wages.