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8 August | Oil

United States. OPEC Crude oil Production UAE (Barrel). The value of the indicator has increased from 3.04M to 3.14M

Brent
WTI Light Crude Oil

A report on this calendar event is released monthly by the OPEC.

The presented indicator measures the volume of oil production of the United Arab Emirates, one of the member countries of the Organization of Petroleum Exporting Countries, which controls oil production quotas. OPEC includes 13 countries.

In addition to the United Arab Emirates, these are Equatorial Guinea, Angola, Congo, Saudi Arabia, Gabon, Nigeria, Libya, Algeria, Iran, Kuwait, Venezuela, Iraq.

An increase of the indicator value may contribute to the fall in quotes of WTI, Brent.

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Forecasts

Brent sell
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Selling Brent on eased geopolitical tensions and crude oversupply
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08 August 2025 68
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GBPUSD sell
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S&P 500 buy
Period: 15.08.2025 Expectation: 1000 pips
Buying SPX on back of ongoing US stock market recovery
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08 August 2025 50
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Gold sell
Period: 22.08.2025 Expectation: 8500 pips
Selling gold from technical resistance with $3,335 target
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08 August 2025 53
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AUDCAD sell
Period: 15.08.2025 Expectation: 960 pips
Selling AUDCAD is underway amid bearish pressure
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USDJPY sell
Period: 14.08.2025 Expectation: 2300 pips
Selling USDJPY with 144.750 target amid persistent bearish pressure and weak support
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