Oil prices are rising by nearly 1.5% today, driven by pressure from US President Donald Trump on Russian energy consumers. Trump is calling on leaders such as Erdogan and Orban to stop buying oil from Russia in order to hasten the end of the war in Ukraine. In this context, he also criticizes NATO members who continue to use supplies from OPEC+. Such actions increase tensions in the energy market and may further raise commodity prices. On the other hand, however, the potential stabilization in the Gaza Strip, which the White House wants to achieve, may have a negative impact on the oil market.
OIL.WTI is hitting its highest levels in nearly two months today. What is more, oil is also approaching the 200-day EMA (the gold curve on the chart), which may constitute an important barrier to the long-term downward trend on the instrument. Breaking above it could theoretically negate and reverse the current trend.
Source: xStation
VIX drops 10% amid Wall Street rebound attempt🗽
3 markets to watch next week - (17.10.2025)
Fed's Musalem remarks on the US economy and tariffs🗽
Precious metals decline 📉Gold down 2%; Silver loses 4%
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
