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

Oil is likely to fall due to growing recession risks

Brent
WTI Light Crude Oil

The price for oil fluctuates as reduced energy consumption is possible due to the upcoming global recession and further monetary tightening. 

U.S. inflation data, published on October 13, spurred market expectations. Experts say the Federal Reserve (Fed) is expected to hike interest rates at its last two sessions in 2022. Thus, the regulator is trying to slow heightened inflation rates in the U.S. 

Country’s macroeconomic picture, along with the Fed's expected measures to counter OPEC+ supply cuts, could contribute to lower oil prices in the short run," noted Warren Patterson, head of commodities strategy at ING Groep NV. "However, as for the medium and long terms, there is a limited market pointing to a risk of higher prices."

Company MarketCheese

Recommended

United States. Cushing Crude Oil Inventories. The value of the indicator has decreased from 1.478M to -0.278M
28 January
United States. Crude Oil Inventories. The value of the indicator has decreased from 3.602M to -2.295M
28 January
United States. API Weekly Crude Oil Stock. The value of the indicator has decreased from 3.04M to -0.247M
27 January
United States. CFTC Crude Oil speculative net positions. The value of the indicator has increased from 58.1K to 78.8K
23 January
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has increased from 410 to 411
23 January
Top news
European Union. GDP (QoQ). The value of the indicator remained at the same level of 0.3%
Today at 10:01 AM
European Union. Unemployment Rate. The value of the indicator has decreased from 6.3% to 6.2%
Today at 10:00 AM
United States. Trade Balance. The value of the indicator has decreased from $-29.2B to $-56.8B
Yesterday at 1:30 PM
United States. Fed Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
28 January
Canada. BoC Interest Rate Decision. The value of the indicator remained at the same level of 2.25%
28 January
All news

Forecasts

Brent sell
Period: 06.02.2026 Expectation: 450 pips
Brent prices lose upward momentum and prepare for correction
FA Other Technical analysis TA Other Indicators Fundamental analysis
Today at 12:35 PM 8
Lyra_Moonwell1
Lyra_Moonwell1
Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
BTCUSD buy
Period: 31.08.2026 Expectation: 35200 pips
Investing in BTCUSD down to $72,800
FA Other Chart analysis
Today at 12:22 PM 9
Bruce_Powers
S&P 500 buy
Period: 28.02.2026 Expectation: 1100 pips
Buying SPX from support at $6,820
FA Other Chart analysis
Today at 11:22 AM 9
McCarthy_Raymond
GBPUSD sell
Period: 06.02.2026 Expectation: 1200 pips
GBPUSD correction extends ahead of new Fed Chair announcement
Chart analysis Indicators Hot news
Today at 08:56 AM 13
Tom_Kern
AUDCAD buy
Period: 06.02.2026 Expectation: 1870 pips
AUDCAD is poised to rise ahead of RBA meeting
Indicators and reports FA Other Technical analysis Indicators Fundamental analysis
Today at 08:48 AM 10
Emily_Foster
ETHUSD buy
Period: 06.02.2026 Expectation: 30000 pips
Investing in ETHUSD with $2,700–$2,800 range on horizon
FA Other Chart analysis Indicators
Yesterday at 12:00 PM 40
John_Bullard
Go to forecasts