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. CFTC Crude Oil speculative net positions. The value of the indicator has decreased from 172.6K to 161K
Yesterday at 7:30 PM
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has increased from 425 to 429
Yesterday at 5:03 PM
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has increased from 558 to 562
Yesterday at 5:02 PM
United States. Cushing Crude Oil Inventories. The value of the indicator has decreased from -1.604M to -2.794M
28 May
United States. Crude Oil Inventories. The value of the indicator has increased from -7.863M to -3.327M
28 May
Top news
United States. PCE price index (YoY). The value of the indicator has increased from 3.5% to 3.8%
28 May
United States. Core PCE Price Index (YoY). The value of the indicator has increased from 3.2% to 3.3%
28 May
United States. GDP (QoQ). The value of the indicator has decreased from 2% to 1.6%
28 May
European Union. Manufacturing PMI. The value of the indicator has decreased from 52.2 to 51.4
21 May
European Union. CPI (MoM). The value of the indicator remained at the same level of 1%
20 May
All news

Forecasts

AUDCAD buy
Period: 29.06.2026 Expectation: 730 pips
Invest in AUDCAD with 0.99500 target
Indicators and reports FA Other Hot news Chart analysis
Yesterday at 11:28 AM 26
Reed_Marcus
GBPUSD buy
Period: 05.06.2026 Expectation: 1525 pips
GBPUSD may find its footing as selling storm subsides
Technical analysis FA Other Indicators Chart analysis Fundamental analysis
Yesterday at 11:07 AM 23
Lyra_Moonwell1
Brent sell
Period: 05.06.2026 Expectation: 700 pips
Brent crude loses ground amid looming US-Iran peace deal
Technical analysis Indicators and reports Indicators Hot news Fundamental analysis
Yesterday at 11:05 AM 18
Emily_Foster
USDCAD buy
Period: 29.06.2026 Expectation: 1650 pips
Buying USDCAD with 1.39500 in view
Indicators and reports FA Other Hot news Chart analysis
Yesterday at 10:45 AM 14
Sinclair_John
Gold sell
Period: 28.06.2026 Expectation: 400 pips
Selling gold upon breaking below support
Indicators and reports FA Other Hot news Chart analysis
28 May 2026 98
Sinclair_John
USDJPY buy
Period: 31.08.2026 Expectation: 5000 pips
Invest in USDJPY from 155.00
TA Other FA Other
28 May 2026 35
McCarthy_Raymond
Go to forecasts