For December, OPEC+ said it would continue to reduce oil production by 2.2 million barrels daily. Lower oil prices, along with decreased demand, caused them to postpone production growth from October, and this trend appears to be continuing.

After the death of a Hamas leader in Iran brought up concerns about the potential for a broader Middle East conflict and its potential effects on oil prices, oil prices increased on Wednesday, creating a bullish, engulfing candlestick formation.

Brent Crude Oil experienced a price surge on Thursday, influenced by multiple factors. Brent crude futures extended the gain, reaching their highest price since early May.

Comprehensive oil price forecast for 2023, 2025, 2030 and beyond, analyzing market trends, geopolitical factors, and supply-demand dynamics. Get insights and predictions for the future of oil prices.

Learn about oil trading platforms for CFDs, major oil CFD platforms, key features of oil CFD platforms.

Oil trading plays a vital role in global financial markets, facilitating the exchange of this precious commodity on various platforms. Contracts for Difference (CFDs) have emerged as a popular financial instrument for oil trading, allowing investors to speculate on oil price movements without owning the physical asset.

We'll explore tips and strategies for successful oil CFD trading, including understanding the advantages and risks, factors affecting the price of oil CFDs, and how to navigate the highs and lows of the market.