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

Prices for oil grow ahead of the OPEC+ meeting

Brent
WTI Light Crude Oil

The cost of oil has increased, as members of OPEC + decided on Wednesday to cut the production of this energy source. Sources say that production cuts in individual oil-exporting countries will be the largest since the start of the pandemic.

According to the senior analyst of OANDA Edward Moya, the countries of OPEC + will make every effort to support the oil prices. Bank Goldman Sachs reports that the decline in oil production was related to a sharp reduction in prices after a recent high. 

However, analysts at CMC Markets fear that worries about the state of the global economy will limit growth as investors also plan to make a profit. 



Company MarketCheese

Recommended

United States. CFTC Crude Oil speculative net positions. The value of the indicator has increased from 99.1K to 100.3K
Yesterday at 7:30 PM
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator remained at the same level of 603
Yesterday at 5:04 PM
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has decreased from 462 to 459
Yesterday at 5:04 PM
United States. OPEC Crude oil Production Saudi Arabia (Barrel). The value of the indicator has increased from 7M to 8.2M
Yesterday at 1:22 PM
United States. Crude Oil Inventories. The value of the indicator has decreased from -3.186M to -8.557M
15 October
Top news
European Union. Trade Balance. The value of the indicator has decreased from 10.7B to -16.1B
Yesterday at 9:00 AM
European Union. CPI (MoM). The value of the indicator remained at the same level of 0.6%
Yesterday at 9:00 AM
United States. Retail Sales (MoM). The value of the indicator has decreased from 1.3% to 0.8%
15 October
United States. CPI (YoY). The value of the indicator has increased from 3.4% to 3.7%
14 October
United States. Trade Balance. The value of the indicator has decreased from $-92.8B to $-105.6B
6 October
All news

Forecasts

GBPUSD buy
Period: 16.11.2026 Expectation: 5700 pips
Invest in GBPUSD up to 1.38700
Indicators and reports FA Other Chart analysis Hot news
Yesterday at 10:10 AM 28
Sinclair_John
AUDCAD sell
Period: 31.10.2026 Expectation: 1300 pips
Selling AUDCAD from 0.9890
FA Other Chart analysis
Yesterday at 08:51 AM 17
McCarthy_Raymond
Brent buy
Period: 16.11.2026 Expectation: 280 pips
Buy Brent crude with $106.15 in view
Indicators and reports FA Other Chart analysis Hot news
Yesterday at 08:51 AM 18
Reed_Marcus
AUDUSD sell
Period: 31.10.2026 Expectation: 500 pips
Go short on AUDUSD due to anemic labor market in Australia
FA Other TA Other
15 October 2026 55
McCarthy_Raymond
USDJPY sell
Period: 15.11.2026 Expectation: 6000 pips
USDJPY sell-off targets 152.00
Indicators and reports FA Other Chart analysis Hot news
15 October 2026 70
Reed_Marcus
ETHUSD sell
Period: 15.11.2026 Expectation: 265 pips
Sell ETHUSD upon breaking $2,350 support
Indicators and reports FA Other Chart analysis Hot news
15 October 2026 49
Sinclair_John
Go to forecasts