US crude oil trading reminder: oil prices rose before the OPEC+ meeting and stood at a key position in the 200-day EMA

At the beginning of the Asian session on Wednesday (May 29), international oil prices fluctuated in a narrow range and maintained overnight gains. U.S. crude oil is currently trading around $80.20 per barrel.

FX678 FinanceMay 28 20:37 ET

The Fed's interest rate cut is expected to fall again, and international oil prices will rise first and then fall

This week (5.16-5.22), crude oil as a whole showed a trend of rising and then falling. WTI averaged 79.18 US dollars/barrel this week, up 0.53 US dollars/barrel, or 0.67% from the previous week.

CME GroupMay 23 22:38 ET

The commodity boom came to an abrupt end! Basic metals fell across the board, copper and nickel fell sharply, and crude oil fell three times in a row

The minutes of the Federal Reserve meeting show that the Federal Reserve may postpone interest rate cuts due to continued inflation, thus suppressing market expectations of interest rate cuts, and crude oil prices fell in response. Lun Copper closed down 4.05%, while Lunn Nickel fell 4.4%. Some analysts pointed out that the main reason for the decline in copper prices may be related to investors starting to make a profit settlement after copper prices hit a record high, recent weakness in copper demand, and a possible increase in copper production in Peru in 2024.

wallstreetcnMay 22 19:15 ET

Oil Prices Rise After Iran's President Dies, Saudi King Falls Ill

By Callum Keown Oil prices climbed Monday after Iran's President Ebrahim Raisi died in a helicopter crash Sunday, according to state-run Press TV. But the oil move was fairly muted in early trading. I

Barron'sMay 20 05:16 ET

Iran State TV: "No Sign of Life" in President Raisi's Helicopter Wreck

By Laurence Norman, Benoit Faucon and Aresu Eqbali A helicopter carrying President Ebrahim Raisi of Iran crashed in the northwestern part of the country, the interior minister said Sunday, sparking a

WSJMay 19 23:35 ET

UBS: OPEC+ is expected to extend the production reduction agreement for at least 3 months, and oil will rise to $91 in June

OPEC+ will hold its next meeting on June 1, and UBS expects that the organization will agree to extend the voluntary production reduction agreement to maintain the balance of the oil market.

Zhitong FinanceMay 16 23:07 ET