WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Today’s Trading Edge: Oil climbs higher in light trade as several markets are closed for holiday

Posted by WorldWideMarkets . on Jun 25, 2017 8:16:48 PM

Oil prices rose around 0.5% in thin trading as Indonesia, Singapore, Malaysia, India and the Philippines were closed to observe the end of Ramadan.  Last week saw oil prices fall to a 10-month low before rebounding at the end of the week.

0 Comments

Topics: US Oil, US Crude oil, $OIL

Oil Tumbles to Lowest Since November as Gasoline Supplies Surge

Posted by Chris Advincula on Jun 15, 2017 4:11:18 AM

 -Gasoline inventories rose 2.1 million barrels last week: EIA 

0 Comments

Topics: US Crude oil, West Texas Intermediate, BRENT OIL, Gasoline

Today’s Trading Edge: Oil remains heavy after both the OPEC monthly report and API weekly inventories

Posted by WorldWideMarkets . on Jun 13, 2017 6:34:57 PM

Oil prices fell around 1% and back towards the $46 level after the OPEC monthly report showed oil production across OPEC rose by about 336,100 barrels per day to 32.1 million bpd in May.  The increases stemmed from Libya, Nigeria and Iraq.  In May, OPEC and some non-OPEC members agreed to extend its six-month deal to cap output into 2018. 

0 Comments

Topics: US Crude oil, USOIL, $OIL

Today’s Trading Edge: Oil sinks after Libya production set to increase and concerns of a potential shale surge

Posted by WorldWideMarkets . on May 30, 2017 7:57:20 PM

Oil prices fell over 1% and back below the $50 level after Libya production came in at 780,000 barrels per day due to a technical issue, but is expected to rise to 800,000 on Tuesday.  Oil has lost its momentum after the 172nd OPEC meeting on Thursday, May 25th showed OPEC and non-OPEC producers agreed to keep output cuts at 1.8 million barrels a day for 9 more months.    

0 Comments

Topics: US Crude oil, West Texas Intermediate crude oil, $OIL

Today’s Trading Edge: Oil trades higher as markets await OPEC production cut terms

Posted by WorldWideMarkets . on May 23, 2017 9:08:46 PM

 

0 Comments

Topics: US Crude oil, West Texas Intermediate crude oil, $OIL

 

Tools & Educational Resources

Forex 101LEARN MORE >>
Learn the basics of Forex and how to practice trading the markets.

GlossaryLEARN MORE >>
Confused by the language? Click here and search for key trading terms.

FAQ CenterLEARN MORE >>
Browse our frequently asked questions and find your answers right away.

VideosLEARN MORE >>
Access to the educational lessons, webinars and platform walkthroughs.

READY TO TRY THE MARKETS?

Get started with a FREE $10,000 Demo Account and experience the Forex Market RISK FREE!