Read more
1:49 PM · 3 October 2022

🛢WTI oil gains nearly 5%

WTI crude futures surged more than 5%  on Monday amid increasing speculation that OPEC+ was considering cutting production of up to 1 million barrels per day at a meeting on October 5, excluding any voluntary cuts by individual members.This would mean that countries which are not using their full production capabilities would have to reduce production even more in line with the new targets. Earlier information appeared in the media that the cut would amount to 0.5-1.0 million bpd. It is also worth mentioning that before the giant cut during the pandemic, OPEC usually lowered production by 1-2 million bpd.

WTI oil is gaining almost 5% today and is breaking above the local highs from late September, which could negate the structure of the lower lows and highs. Nearest target for bulls is located around $ 85 per barrel, where the upper limit of the 1:1 can be found.

Source: xStation5

17 April 2026, 5:04 PM

Three Markets To Watch (20.04.2026)

17 April 2026, 2:29 PM

⬇️WTI Oil declines nearly 9%

17 April 2026, 1:56 PM

OIL dips below $90 first time in a month🛢️ 📉 Iran will hand uranium to the US❓

17 April 2026, 1:25 PM

🚩Oil slips 7% as Trump signals negotiations with Iran this weekend

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