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The group's members agree how much oil to pump. News of a cut or a rise in output can change the mood of the market at once.
All instruments
What moves oil (WTI)
Oil moves on OPEC+ decisions, US stockpiles, demand and geopolitics. What matters for WTI now and which US releases are coming.
The main things that move the price
US stockpiles
Every Wednesday the EIA publishes oil stockpiles, and on Friday Baker Hughes publishes the rig count. Stockpiles above forecast usually weigh on the price.
Demand and geopolitics
Figures from China and the US show how much oil the world needs. Conflicts in producing countries and on sea routes add risk to the price.
When it is most active
New York hours matter most, the EIA report on Wednesdays above all. News from OPEC+ and geopolitics can arrive at any moment.
Major releases ahead
The next high-impact releases over two weeks. What each means for the market is on its card.
What Edge gives you
The calendar gives the time and importance of each release. News shows where a headline pushes the market, and risk appetite shows whether the market seeks safety. Entry, stop and target stay with your own system.
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