Oil prices react to OPEC+ plans

Note: This section contains information in English only.
Source: Dukascopy Bank SA




Crude oil prices have reacted to the oil producing country cartel OPEC+ announcing that they would decrease their output targets by 100,000 barrels per day. Namely, the global supply of oil is going to be reduced.

The markets took in the news, as crude price surged. Brent oil gained nearly 4.00% and Light crude 2.50%.

UPDATE 07.09.2022.

Despite the OPEC+ production decrease, crude oil price benchmarks eventually started a decline. By the middle of Wednesday's trading, the commodity traded at levels not seen since January.

US Light Crude reached the $83.00 mark and UK's Brent Crude oil traded at $89.00.

Back to articles

Actual Topics

Mon, 19 Sep 2022 13:33:05 GMT

Take-Two stock price plummets due to GTA VI

As the day's US trading started, the stock price of Take-Two Interactive Software declined by 2.04%. The drop occurred due to the leaking of early footage of Grand Theft Auto VI during the weekend. The leak included dozens of videos revealing gunplay, driving and robberies. Bloomberg has confirmed the leak as authentic.

Fri, 02 Sep 2022 13:46:18 GMT

Lululemon Athletica stock jumps 11.50%

Lululemon stock price surged at the start of the day's trading by 11.50% or $33.84. The reason for the surge was the earnings announcement of the athletic apparel company. Earnings per share beat expectations by 18.20% and total revenue was higher than expected by 5.43%.

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.