Read more

BREAKING: OIL.WTI gains over 40% in 5 days

8:57 AM 5 May 2020

Following strong sell-off in the second half of April, oil is catching a breath at the beginning of May. OIL.WTI gained more than 40% during the past few sessions. OPEC+ deal went live in May and it could be the reason behind improvement in moods. Apart from that, some major US companies also announced they will limit output.

OIL.WTI is enjoying a very strong upward move as it recovers on hopes supply will be limited. Price is approaching $25 handle - level not seen since April 17. Source: xStation5

Share:
Back

Market News

03.07.2025
16:07

US OPEN: Strong Labour Market Fuels Optimism (03.07.2025)

Wall Street records another session of gains following the NFP report that exceeded most economists’ expectations. The unexpected rise in jobs created...

 15:33

BREAKING: NATGAS inventories up more than expected 📈

15:30 BST - United States, change in natural gas inventories: Actual: 55 billion cubic feet Forecast: 53 billion cubic feet Previous:...

 15:02

BREAKING: ISM Services returns above 50 📈

02:45 PM BST, United States - PMI Data for June: S&P Global Services PMI: actual 52.9; forecast 53.1; previous 53.1; S&P...
More news

Join over 1 600 000 XTB Group Clients from around the world

Start trading Download the app Download the app
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits