5 articles on oil trading
Oil is testing the $90 support level as the ECB pauses its monetary policy and tensions with Iran fuel volatility in the energy markets.
WTI crude oil was trading at $69.23 on Friday evening, wrapping up a volatile week marked by geopolitical tensions and mixed signals from OPEC.
Oil prices are falling sharply while European stocks are rising on hopes of a deal between Washington and Tehran. This marks a major turnaround for commodities.
Despite tensions in the Strait of Hormuz and price volatility, OPEC is maintaining its global demand forecast. This sends a strong signal to the oil market.
BP reports exceptional oil trading results for Q1, boosted by the war in the Middle East and volatile crude oil prices. Shell follows the same dynamic.