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 141.1K to 109.5K
2 October
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has decreased from 599 to 598
2 October
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has increased from 455 to 456
2 October
United States. Total Vehicle Sales. The value of the indicator has decreased from 16.8M to 16M
2 October
United States. Cushing Crude Oil Inventories. The value of the indicator has decreased from 2.266M to 0.553M
30 September
Top news
United States. Nonfarm Payrolls. The value of the indicator has decreased from 133K to 29K
2 October
United States. Unemployment Rate. The value of the indicator has increased from 4.1% to 4.2%
2 October
European Union. CPI (MoM). The value of the indicator has increased from 0.4% to 0.6%
2 October
United States. ISM Manufacturing PMI. The value of the indicator has decreased from 54.6 to 54.5
1 October
European Union. Unemployment Rate. The value of the indicator remained at the same level of 6.4%
1 October
All news

Forecasts

GBPUSD sell
Period: 02.11.2026 Expectation: 5150 pips
GBPUSD sell-off targets 1.27000
Indicators and reports FA Other Indicators Hot news
02 October 2026 41
Sinclair_John
AUDUSD buy
Period: 31.12.2026 Expectation: 1610 pips
Go long on AUDUSD with 0.7200 in sight
TA Other FA Other
02 October 2026 40
Bruce_Powers
Brent buy
Period: 16.10.2026 Expectation: 500 pips
Invest in Brent crude with $106 in view
Indicators and reports FA Other Chart analysis Hot news
02 October 2026 61
Reed_Marcus
AUDCAD buy
Period: 30.11.2026 Expectation: 1000 pips
Buy AUDCAD from channel's lower boundary
TA Other FA Other
01 October 2026 45
Bruce_Powers
S&P 500 buy
Period: 31.12.2026 Expectation: 1000 pips
Buy SPX up to $7,800
FA Other Chart analysis
01 October 2026 48
Bruce_Powers
USDJPY sell
Period: 01.11.2026 Expectation: 6300 pips
Go short on USDJPY as intervention odds rise
Indicators and reports FA Other Chart analysis Hot news
01 October 2026 58
Reed_Marcus
Go to forecasts