Oil prices have surged as renewed Middle East tensions raise concerns over global supply disruptions. Find out what's driving the latest rally in WTI and Brent crude, the key risks to watch, and what it could mean for energy markets and traders in the weeks ahead.
Oil just surged as Middle East tensions reignite - here’s what you need to know
Oil prices surged on July 8 as WTI crude settled above $73 and Brent climbed past $78, marking their biggest daily gains in weeks. Discover what fueled the rally, the latest oil price forecast, key technical levels, and how Australian traders can capitalize on crude oil CFDs.
Oil Price Forecast: WTI Jumps Above $73, Brent Surges 5%—Will Crude Oil Rally Continue?

Analysis

All
Index
Currency
Stocks
Commodity
Cryptocurrency
Economics
placeholder
OpenAI, Meta and SpaceXAI at war to make enterprise AI dramatically cheaperThere is fierce competition among OpenAI, Meta Platforms ($META), and SpaceXAI (NASDAQ: SPCX) on prices of enterprise AI, not just the scores for the models. They launched their latest models this week, promising improved performance but reduced prices to win the corporate scrutiny. This year, some firms had their employees work with AI all day...
Author  Cryptopolitan
2 hours ago
There is fierce competition among OpenAI, Meta Platforms ($META), and SpaceXAI (NASDAQ: SPCX) on prices of enterprise AI, not just the scores for the models. They launched their latest models this week, promising improved performance but reduced prices to win the corporate scrutiny. This year, some firms had their employees work with AI all day...
placeholder
TSMC, Samsung and SK Hynix now make up nearly 30% of emerging marketsTaiwan Semiconductor Manufacturing Co. (NYSE: TSM), Samsung Electronics (KRX: 005930) and SK Hynix (KRX: 000660) now make up more than 30% of the MSCI Emerging Markets Index. Their combined share is close to the Magnificent Seven’s weight in the S&P 500. Technology now covers about 45% of the emerging-market gauge. These three chipmakers are worth...
Author  Cryptopolitan
2 hours ago
Taiwan Semiconductor Manufacturing Co. (NYSE: TSM), Samsung Electronics (KRX: 005930) and SK Hynix (KRX: 000660) now make up more than 30% of the MSCI Emerging Markets Index. Their combined share is close to the Magnificent Seven’s weight in the S&P 500. Technology now covers about 45% of the emerging-market gauge. These three chipmakers are worth...
placeholder
Analysts push back on Musk's space computing timelineSpaceX's AI returns over the coming years will not come from outer space. According to Wall Street analysts, the money is coming from Earth data centers.
Author  Cryptopolitan
2 hours ago
SpaceX's AI returns over the coming years will not come from outer space. According to Wall Street analysts, the money is coming from Earth data centers.
placeholder
Economists See Lower Recession Risk: Will Fed Still Hike Interest Rates?US economists lowered their recession odds to 25% while raising inflation forecasts, according to a Wall Street Journal survey, leaving the Federal Reserve little room to cut interest rates this year.
Author  Beincrypto
2 hours ago
US economists lowered their recession odds to 25% while raising inflation forecasts, according to a Wall Street Journal survey, leaving the Federal Reserve little room to cut interest rates this year.

Daily Ranking

goTop
quote

Trading Analysis

All
Forex
Commodities
Indices
Shares
Crypto

Ethereum

Intraday

Intraday: below its lower Bollinger band

Our preference

the downside prevails as long as 1805 is resistance.

25 mins ago

Bitcoin

Intraday

Intraday: the RSI is oversold

Our preference

the downside prevails as long as 63420 is resistance.

26 mins ago

USD/JPY

Intraday

Intraday: 162.25 in sight.

Our preference

long positions above 161.70 with targets at 162.25 & 162.50 in extension.

40 mins ago

GBP/USD

Intraday

Intraday: watch 1.3350.

Our preference

short positions below 1.3410 with targets at 1.3350 & 1.3330 in extension.

43 mins ago

EUR/USD

Intraday

Intraday: aim @ 1.1370.

Our preference

short positions below 1.1420 with targets at 1.1370 & 1.1350 in extension.

50 mins ago

WTI

Intraday

Intraday: technical rebound in a bearish trend.

Our preference

long positions above 72.50 with targets at 75.25 & 76.00 in extension.

53 mins ago

Silver

Intraday

Intraday: under pressure.

Our preference

short positions below 59.90 with targets at 58.10 & 57.20 in extension.

56 mins ago

Gold

Intraday

Intraday: under pressure.

Our preference

short positions below 4120 with targets at 4055 & 4021 in extension.

58 mins ago

WTI

Intraday

Intraday: continuation of the rebound.

Our preference

long positions above 72.50 with targets at 75.25 & 76.00 in extension.

2 hours ago

Ethereum

Intraday

Intraday: under pressure below 1833

Our preference

under pressure below 1833.

2 hours ago
Data Source: Trading Central*
Data Source: Trading Central*

Education

Learn CFD tradings with Mitrade. Mitrade's Education section offers CFD trading courses for traders looking to improve their trading skills. Courses cover topics from basic to advanced. Choose a course and get started.