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

Oil prices stabilize after a rapid decline during this week

Brent
WTI Light Crude Oil

There has been a rapid decline in crude oil prices this week due to fears of a recession in the U.S. in 2023. The threat of an economic downturn is driven by high levels of inflation and continued interest rate hikes.

At the same time, markets didn’t react strongly to an emergency shutdown of the Keystone pipeline after a recent oil spill in Kansas. Analysts even noted that disruptions in supply didn’t have a significant impact on demand. 

Markets are mostly focused on U.S. producer inflation data for the previous month. It will be released later on Friday, December 9. Levels of inflation are expected to get slightly lower than in October. However, markets continue to cautiously search for signs of potentially higher price pressures.

Company MarketCheese

Recommended

United States. API Weekly Crude Oil Stock. The value of the indicator has increased from -11.1M to 13.4M
Today at 6:17 AM
United States. OPEC Crude oil Production UAE (Barrel). The value of the indicator has decreased from 3.38M to 3.37M
9 February
United States. CFTC Crude Oil speculative net positions. The value of the indicator has increased from 97K to 124.6K
6 February
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has increased from 546 to 551
6 February
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has increased from 411 to 412
6 February
Top news
United States. Retail Sales (MoM). The value of the indicator has decreased from 0.6% to 0%
Today at 6:17 AM
European Union. Deposit Facility Rate. The value of the indicator remained at the same level of 2%
5 February
European Union. ECB Interest Rate Decision. The value of the indicator remained at the same level of 2.15%
5 February
United Kingdom. BoE Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
5 February
European Union. Retail Sales (MoM). The value of the indicator has decreased from 0.1% to -0.5%
5 February
All news

Forecasts

EURUSD buy
Period: 18.02.2026 Expectation: 1030 pips
EURUSD bounces back from yesterday's dip after soft US print
FA Other Technical analysis TA Other Indicators Fundamental analysis
Today at 10:33 AM 10
Lyra_Moonwell1
Lyra_Moonwell1
Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
NVIDIA Corporation buy
Period: 25.02.2026 Expectation: 1700 pips
Accumulate NVIDIA stock on correction ahead of February 25 report
FA Other Technical analysis Hot news Indicators Fundamental analysis
Today at 07:02 AM 12
Emily_Foster
AUDUSD buy
Period: 17.02.2026 Expectation: 1500 pips
Buying AUDUSD on correction after hitting three-year high
FA Other Technical analysis TA Other Indicators Fundamental analysis
Yesterday at 10:54 AM 29
Lyra_Moonwell1
Lyra_Moonwell1
Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Tesla Inc sell
Period: 17.02.2026 Expectation: 2600 pips
High operational risks justify Tesla share selloff
FA Other Technical analysis Hot news Indicators Fundamental analysis
Yesterday at 09:26 AM 25
Emily_Foster
Gold buy
Period: 30.04.2026 Expectation: 20000 pips
Investing in gold up to $5,230
FA Other Chart analysis
Yesterday at 09:25 AM 37
Bruce_Powers
EURUSD sell
Period: 31.03.2026 Expectation: 350 pips
Selling EURUSD with 1.18700 in sight
FA Other Chart analysis
Yesterday at 07:22 AM 21
McCarthy_Raymond
Go to forecasts