BREAKING: Oil plunges 12%

WTI crude tumbles more than 12% below $70 per barrel, the lowest level since September as new coronavirus strain triggered concerns regarding potential travel restrictions and lockdowns which would dampened demand. The UK already implemented a temporary ban on flights from several countries in southern Africa and other nations could take the same actions. Oil markets were already under pressure amid concerns about a wider global oil market surplus in the first quarter of 2022 following the announcement of a coordinated release of crude reserves among major consumers earlier in the week. OPEC predicts a 400k barrels per day excess in the oil markets in December and expects that the surplus will increase to 2.3 million bdp in January and 3.7 million bdp in February if consumer nations proceed with the release.

WTI crude (OIL.WTI) price broke below the psychological $70.00 level during today's session and is currently testing 200 SMA (red line). If current sentiment prevails downward move may accelerate towards support at $65.40 which is marked with previous price reactions. Source: xStation5

15 October 2025, 6:34 PM

Daily Summary – Wall Street Rally Driven by Powell’s Promises

15 October 2025, 5:46 PM

Cocoa Prices Stabilize Ahead of Processing Data: Has the Negative News Been Priced In?

15 October 2025, 12:43 PM

GOLD surges 1.4% 📈

14 October 2025, 6:48 PM

Daily Summary: Powell pulls markets back up! 📈 EURUSD higher

commodities

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days

BREAKING: Oil plunges 12%

Join over 1 700 000 XTB Group Clients from around the world