Concerns about the global economic slowdown drove down oil futures prices:
-
Crude oil is heading for its first weekly decline since April as investors weigh the prospect of further monetary tightening by central banks.
-
Analysts, including Callum MacPherson of Investec, point to deteriorating fundamental conditions for further 'black gold' price increases.
-
USA intends to maintain sanctions by limiting the export of crude oil and petroleum products from Iran. According to analysts, the oil market must now focus on 'profitability'
-
The reading of data on industrial production below expectations (0.2% vs. 0.4% expected) caused an increase in concerns about the economic recession.
OIL.WTI chart, D1 interval. US WTI prices are losing over 4.8% today and are falling near the level of 109 USD per barrel. From a technical point of view, "black gold" breaks below the 50-day exponential moving average (blue curve). Source: xStation 5
Daily Summary: Technology Drives Wall Street to Record Highs Despite Tensions in the Persian Gulf
๐ด Three markets to watch next week: EURUSD, CH50cash, OIL (08.05.2026)
Chart of the day: SILVER doesn't give up ๐ Capital flows back to the market ๐
Morning wrap: Indices climb despite shots fired in the Strait of Hormuz ๐ ๐ฅ
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
