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 increased from 202.2K to 206.5K
Yesterday at 7:30 PM
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has decreased from 545 to 543
Yesterday at 5:04 PM
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has decreased from 411 to 410
Yesterday at 5:03 PM
United States. Crude Oil Inventories. The value of the indicator has decreased from 3.081M to -0.913M
15 April
United States. Cushing Crude Oil Inventories. The value of the indicator has decreased from 0.024M to -1.727M
15 April
Top news
European Union. Trade Balance. The value of the indicator has increased from -1B to 11.5B
Yesterday at 12:17 PM
European Union. CPI (MoM). The value of the indicator has increased from 1.2% to 1.3%
16 April
United States. PCE price index (YoY). The value of the indicator remained at the same level of 2.8%
9 April
United States. Core PCE Price Index (YoY). The value of the indicator has decreased from 3.1% to 3%
9 April
United States. GDP (QoQ). The value of the indicator has decreased from 0.7% to 0.5%
9 April
All news

Forecasts

Brent buy
Period: 30.04.2026 Expectation: 400 pips
Investing in Brent crude upon breaking above $101 per barrel
Indicators and reports FA Other Chart analysis Hot news
Yesterday at 11:09 AM 28
Sinclair_John
USDCAD sell
Period: 24.04.2026 Expectation: 680 pips
USDCAD hits new three-week low amid weaker demand for dollar
Technical analysis TA Other FA Other Indicators Fundamental analysis
Yesterday at 10:28 AM 23
Lyra_Moonwell1
GBPUSD sell
Period: 30.06.2026 Expectation: 5200 pips
Selling GBPUSD down to 1.30000
Indicators and reports FA Other Chart analysis Hot news
Yesterday at 07:02 AM 23
Reed_Marcus
AUDCAD sell
Period: 24.04.2026 Expectation: 1050 pips
AUDCAD drops due to rising stagflation risks in Australia
Technical analysis Indicators and reports Indicators Hot news Fundamental analysis
Yesterday at 06:56 AM 17
Emily_Foster
USDJPY buy
Period: 30.04.2026 Expectation: 1100 pips
Investing in USDJPY with 160.00 in view
Indicators and reports FA Other Chart analysis Hot news
16 April 2026 49
Reed_Marcus
Gold sell
Period: 23.04.2026 Expectation: 20000 pips
Selling gold with $4,630 in sight amid monthly highs and declining volatility
Technical analysis TA Other FA Other Indicators Fundamental analysis
16 April 2026 67
Lyra_Moonwell1
Go to forecasts