Read more
8:01 AM · 7 February 2022

Chart of the day - OIL (07.02.2022)

-
-
Open account Download free app

Brent crude price extended recent upward move and jumped above $93.00 per barrel during today's session, reaching highest level since October 2014 and bringing year-to-date gains to nearly 20% as investors shrugged off signs of progress in the US-Iran talks, after the Biden administration restored sanctions waivers to Iran to allow international nuclear cooperation projects. The benchmark recorded a seventh consecutive weekly gain on Friday as demand for petroleum products surges while supply remains constrained with the market also boosted by rising geopolitical tensions as Russian troops remain massed at the Ukrainian border and the conflict in Yemen intensifies. Over the weekend, US national security adviser Jake Sullivan said Russian invasion of Ukraine could be any day now, unless Kremlin will choose to take the diplomatic path instead. Meanwhile, OPEC+ countries have also been struggling to meet their targets despite agreeing to a planned output increase. 

OIL - price rose sharply in recent weeks and is currently approaching major resistance zone around $97.30 which is marked with upper limit of the ascending channel and 78.6% Fibonacci retracement of the downward correction launched in June 2014. Source: xStation5

13 February 2026, 6:54 AM

Morning Wrap: Global sell-off in the technology sector (13.02.2026)

12 February 2026, 7:03 PM

Daily summary: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure

12 February 2026, 4:41 PM

🚨Gold slumps 3% amid markets preparing for Chinese Lunar Year pause

12 February 2026, 4:19 PM

Cocoa falls 2.5% to the lowest level since October 2023 📉

Join over 2 000 000 XTB Group Clients from around the world
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