News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • 🇨🇭 KOF Leading Indicators (NOV) Actual: 103.5 Expected: 101 Previous: 106.6
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: FTSE 100: -0.48% Germany 30: -0.52% France 40: -0.60% US 500: -0.73% Wall Street: -0.87% View the performance of all markets via
  • Gold - 50% Fib retracement holds at first attempt.. the chart still looks messy. #gold #xau #xauusd @DailyFXTeam
  • Heads Up:🇨🇭 KOF Leading Indicators (NOV) due at 08:00 GMT (15min) Expected: 101 Previous: 106.6
  • Heads Up:💶 Eurogroup Video Conference due at 08:00 GMT (15min)
  • 🇨🇭 Retail Sales YoY (OCT) Actual: 3.1% Previous: 0.3%
  • Heads Up:🇨🇭 Retail Sales YoY (OCT) due at 07:30 GMT (15min) Previous: 0.3%
  • The AB=CD pattern is simple once you know how to spot it and draw the proper Fibonacci retracements. Make your trading strategy as simple as ABCD here:
  • 🇩🇰 GDP Growth Rate YoY Prel (Q3) Actual: -4% Previous: -8.1%
  • 🇩🇰 Unemployment Rate (OCT) Actual: 4.6% Previous: 4.8%
Brent Crude Oil Price Ignores Trump, Reaches Highest Since 2014

Brent Crude Oil Price Ignores Trump, Reaches Highest Since 2014

2018-09-26 09:55:00
Martin Essex, MSTA, Analyst

Oil price, news and analysis:

  • The price of Brent crude oil could continue its advance as traders ignore US President Donald Trump’s persistent calls for producers to raise their output.
  • Already at its highest since November 2014, further gains are possible

Check out the IG Client Sentiment data to help you trade profitably.

Oil prices turn a blind eye to Trump

The price of Brent crude oil has reached its highest since November 2014 and could strengthen further amid concerns that the world’s major oil producers would struggle to increase output, as called for repeatedly by US President Donald Trump, even if they wanted to.

On September 20, Trump tweeted: “We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices! We will remember. The OPEC monopoly must get prices down now!

Then, yesterday he told the United Nations General Assembly that the Organization of the Petroleum Exporting Countries is “ripping off the rest of the world” by pushing up prices.

However, the advance in the price that began in January 2016 could extend further on doubts that OPEC can make up for the loss of exports from Iran due to Trump’s sanctions on the country.

Brent Crude Oil Price Chart, Weekly Timeframe (January 2014 – September, 2018)

Latest Brent crude oil price chart.

Chart by IG

A possible fall in USD after today’s meeting of the Federal Open Market Committee would add to the upward pressure on crude prices despite news of rising US oil stockpiles. The American Petroleum Institute (API) yesterday reported a build of 2.903 million barrels in US crude oil inventories for the week ending September 21, compared to analysts’ expectations of a draw of 1.279 million barrels.

This session, ahead of the expected hike in US interest rates, oil traders will be waiting to see whether the official data from the US Department of Energy confirm the API figures.

Resources to help you trade the forex markets

Whether you are a new or an experienced trader, at DailyFX we have many resources to help you:

--- Written by Martin Essex, Analyst and Editor

Feel free to contact me via the comments section below, via email at or on Twitter @MartinSEssex

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.