Important Information

You are visiting the website that is operated by Ultima Markets Ltd, a licensed investment firm by the Financial Services Commission “FSC” of Mauritius, under license number GB 23201593. Please be advised that Ultima Markets Ltd does not have legal entities in the European Union.

If you wish to open an account in an EU investment firm and protected by EU laws, you will be redirected to Ultima Markets Cyprus Ltd (the “CIF”), a Cyprus investment firm duly licensed and regulated by the Cyprus Securities and Exchange Commission with license number 426/23.

Tag Archives: Oil

Focus on WTI OIL today – 27th SEP 2024 

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the WTI OIL for SEP 27, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (WTIUSD Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (WTIUSD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (WTIUSD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

Oil Prices Decline Sharply on Weak Demand Forecast 

On Tuesday, the Organization of the Petroleum Exporting Countries (OPEC) announced in its monthly report that global oil demand is projected to rise by 2.03 million barrels per day (bpd) in 2024, a slight decrease from the previous month’s forecast of 2.11 million bpd. However, until last month, OPEC was still maintaining the same forecast […]

Focus on WTI OIL today – 6th SEP 2024 

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the WTI OIL for SEP 6, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (Crude Oil Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (Crude Oil H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (Crude Oil M30 Price Chart, Source: […]

Oil Price Soar, Boosting Canadian Dollar 

On Monday, oil price surged 2.92%, closed at $77.10 per barrel, marking its largest gain in two weeks.  This surge was primarily driven by the Libyan government’s declaration of force majeure on all oil facilities in Benghazi, which threatens to significantly disrupt global oil supply.  (US Oil Daily Price Chart)  In addition, rising tensions in […]

Oil prices dip as Middle East ceasefire calms supply fears 

On Tuesday, oil prices declined as Israel agreed to a proposal aimed at resolving disputes hindering a Gaza ceasefire, alleviating concerns over potential supply disruptions in the Middle East. WTI eased 2.2%, closed at 73.80 yesterday.  U.S. Secretary of State Antony Blinken announced that Israeli Prime Minister Benjamin Netanyahu had accepted a “bridging proposal” from […]

Focus on WTI OIL Today – 3rd January 2024

Comprehensive WTI OIL Analysis for January 3, 2024 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the WTI OIL for 3rd January 2024.  WTI OIL Analysis Key Takeaways  WTI OIL Technical Analysis  WTI OIL Daily Chart Insights WTI OIL 1-hour Chart Analysis Trading Central Pivot Indicator Conclusion 

Oil Markets Surge Amidst Geopolitical Uncertainty

Geopolitical Turmoil Fuels Oil Price Surge Amidst the volatile landscape of the global oil market, October 2023 stands out as a month of upheaval and uncertainty, with crude oil prices surging to a noteworthy $90 per barrel. This escalation can be attributed to escalating geopolitical tensions, notably the intensifying conflicts between Israel and Gaza, which […]

Focus on BRENT OIL Today – 18 October 2023 

Comprehensive Brent Oil Analysis for October 18, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the BRENT OIL for 18th October 2023.  Key Takeaways  Brent Oil Technical Analysis  Brent Oil Daily Chart Insights Brent Oil 1-hour Chart Analysis Ultima Markets Pivot Indicator  Conclusion  Legal Documents  Ultima Markets, a trading name […]

U.S. Oil Production Fully Recovered from The Pandemic 

U.S. oil production hits record high  The U.S. Department of Energy announced on Oct. 12 that U.S. crude oil production had hit an all-time high of 13.2 million barrels per day, entirely wiping out Covid-era losses of more than 3 million barrels per day. Meanwhile, the S&P 500 Energy Index tripled after three and a […]

Focus on Brent Oil Today – 3rd October 2023 

Comprehensive Brent Oil Analysis for October 3, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the Brent Oil (UKOUSD) for 3rd October 2023.  Key Takeaways Key Point: The lifting of the U.S. government shutdown crisis, coupled with robust PMI data, has driven the U.S. dollar index to 107, a level […]