Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
11 October 2022 | Other

Oil declines amid recession fears

Brent
WTI Light Crude Oil

Oil prices fell by 2% on Monday, i.e. for the first time after five consecutive hikes. Investors are concerned that adverse economic conditions could lead to a recession in world markets and undermine fuel demand.

The reason is the comments of the Federal Reserve (Fed) on rising interest rates, and deteriorating economic environment. 

Fed’s Vice Chairman Lael Brainard noted that monetary tightening has already affected the economy, but its aftereffects won’t be so evident in the coming months.

Company MarketCheese

Recommended

United States. OPEC Crude oil Production UAE (Barrel). The value of the indicator remained at the same level of 2.91M
Yesterday at 1:16 PM
United States. OPEC Crude oil Production Saudi Arabia (Barrel). The value of the indicator has increased from 8.96M to 8.97M
Yesterday at 1:16 PM
United States. Crude Oil Inventories. The value of the indicator has increased from -2.696M to -2.032M
7 May
United States. Cushing Crude Oil Inventories. The value of the indicator has decreased from 0.682M to -0.74M
7 May
Indian refineries plan to buy more Russian crude directly — Bloomberg
7 May
Top news
United Kingdom. BoE Interest Rate Decision. The value of the indicator has decreased from 4.5% to 4.25%
Yesterday at 11:02 AM
United States. Fed Interest Rate Decision. The value of the indicator remained at the same level of 4.5%
7 May
Morgan Stanley analyst suggest several conditions needed for US stocks to continue rising
7 May
Reuters: global oil exports slow amid trade tensions
7 May
China continues to boost gold reserves in face of trade disputes
7 May
All news

Forecasts

AUDCAD buy
Period: 14.05.2025 Expectation: 1650 pips
Technical and fundamental background supports AUDCAD
Wave analysis Indicators and reports FA Other Indicators
07 May 2025 66
Elena_Dorokhina
Elena_Dorokhina
Listed among the best MarketCheese authors
1st in the segment "Currencies"
EURUSD sell
Period: 08.05.2025 Expectation: 550 pips
EURUSD to drop to 1.13000
Technical analysis Chart analysis Indicators Fundamental analysis
07 May 2025 50
Jason_O_Brien
Brent buy
Period: 13.05.2025 Expectation: 240 pips
Brent crude price rebound to continue up to 65
Hot news Chart analysis Indicators
07 May 2025 52
John_Bullard
GBPUSD buy
Period: 14.05.2025 Expectation: 1000 pips
Buying GBPUSD amid trade talks and weaker dollar with target at 1.344
Technical analysis FA Other TA Other Indicators Fundamental analysis
07 May 2025 31
Elizabeth_Kuzmicheva
USDJPY sell
Period: 12.05.2025 Expectation: 1500 pips
USDJPY rebound fades ahead of Fed meeting
FA Other Hot news Chart analysis
06 May 2025 66
AntonVolkov
Natural gas buy
Period: 30.05.2025 Expectation: 975 pips
Natural gas maintains upside potential within megaphone pattern
FA Other Chart analysis Indicators
06 May 2025 67
Alexandra_White
Go to forecasts