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
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.43% US 500: -0.70% France 40: -1.89% FTSE 100: -2.07% Germany 30: -2.19% View the performance of all markets via
  • ZEW economic sentiment soars in May. #zew #euro #eurusd @DailyFX
  • 💶 ZEW Economic Sentiment Index (MAY) Actual: 84 Previous: 66.3
  • 🇩🇪 ZEW Current Conditions (MAY) Actual: -40.1 Expected: -41.3 Previous: -48.8
  • 🇩🇪 ZEW Economic Sentiment Index (MAY) Actual: 84.4 Expected: 72 Previous: 70.7
  • Heads Up:🇩🇪 ZEW Current Conditions (MAY) due at 09:00 GMT (15min) Expected: -41.6 Previous: -48.8
  • Heads Up:🇩🇪 ZEW Economic Sentiment Index (MAY) due at 09:00 GMT (15min) Expected: 72 Previous: 70.7
  • Heads Up:💶 ZEW Economic Sentiment Index (MAY) due at 09:00 GMT (15min) Previous: 66.3
  • Why financial market traders must monitor both monetary and fiscal policy? Find out from @MartinSEssex here:
  • 🇮🇹 Industrial Production MoM (MAR) Actual: -0.1% Expected: 0.4% Previous: 0.1%
Crude Oil Price Continues to March Higher on Chinese Data, Inventories

Crude Oil Price Continues to March Higher on Chinese Data, Inventories

Martin Essex, MSTA, Analyst

Crude oil price, news and analysis:

  • Signs that China’s economy is stabilizing and news that US crude oil stockpiles fell unexpectedly are supporting the crude oil price.
  • That’s in addition to its recent strength on fighting in Libya and US sanctions on Venezuela and Iran.

Crude oil price buoyant

The price of US crude oil continues to rise as signs that the Chinese economy is stabilizing raise hopes of firm demand from the world’s second-largest economy. In addition, data from the American Petroleum Institute released Tuesday showed crude oil inventories down by 3.1 million barrels in the week to April 12 when an increase of 1.7 million had been expected.

US Crude Oil Price Chart, Daily Timeframe (December 17, 2018 – April 17, 2019)

Latest US crude oil price chart.

Chart by IG (You can click on it for a larger image)

This news is adding to the buoyancy of oil prices, which have already risen strongly this year on the current fighting in Libya and US sanctions on two other key producers: Venezuela and Iran. Meanwhile, oil prices have so far shrugged off talk of a potential end to production curbs by the Organization of the Petroleum Exporting Countries and its allies including Russia.

In the immediate future, traders will be waiting to see whether Wednesday’s official data from the US Department of Energy confirm the drop in inventories but, as the chart above shows, there is little sign yet of an end to this year’s advance in prices.

You can read much more about oil prices here

Resources to help you trade the 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.