HomeLifestyleRetailCrude Oil: China Weakness & Saudi Arabia, OPEC Cutting Production

Crude Oil: China Weakness & Saudi Arabia, OPEC Cutting Production

The crude oil price has been up seven weeks in a row and the energy commodity looks to remain higher. However, there are some key areas of resistance with bearish news out of China. Matt Smith says that Saudi Arabia and OPEC+ are making material cuts to crude oil production. Are these news stories the reason why the crude oil price is trading around $80 today? There is peak seasonal demand for the year with WTI. Russia is cutting back exports as they are selling crude oil to India.

Futures

14 Aug 2023

SHARE

ON AIR
5:00 pm
Trading 360
replay
12:00 am
Fast Market
REPLAY
education
1:00 am
Your First Trade
REPLAY
1:30 am
Next Gen Investing
REPLAY
education
2:30 am
Your First Trade
REPLAY
3:00 am
Trading 360
REPLAY
4:00 am
Fast Market
REPLAY
5:00 am
Next Gen Investing
REPLAY
education
6:00 am
Your First Trade
REPLAY
6:30 am
Trading 360
REPLAY
7:30 am
Fast Market
REPLAY
8:30 am
Next Gen Investing
REPLAY
9:30 am
Market Overtime
REPLAY
10:00 am
Trading 360
REPLAY
11:00 am
Fast Market
REPLAY
12:00 pm
Next Gen Investing
REPLAY
education
1:00 pm
Your First Trade
REPLAY
1:30 pm
Trading 360
REPLAY
2:30 pm
Fast Market
REPLAY
3:30 pm
Next Gen Investing
REPLAY
4:30 pm
Market Overtime
REPLAY
ON AIR
5:00 pm
Trading 360
REPLAY
6:00 pm
Fast Market
REPLAY
7:00 pm
Next Gen Investing
REPLAY
8:00 pm
Market Overtime
REPLAY
8:30 pm
Trading 360
REPLAY
9:30 pm
Fast Market
REPLAY
10:30 pm
Next Gen Investing
REPLAY
education
11:30 pm
Your First Trade
REPLAY

Get the Market Minute

Daily insights for every investor

coming soon

We are now

coming soon

We are now