OPEC+
OPEC+ is OPEC's members plus Russia and other producers, agreeing output quotas: the one cartel that moves a global price. Its monthly report and the IEA report land in the same week, decisions sometimes come when most of the oil market is shut, and oil reaches US inflation.
Go on
On MochatradeSee what you can trade on MochatradeRelated terms
- IEAThe IEA is the International Energy Agency, the Paris-based watchdog for oil-buying countries. Its monthly report…
- Crude oil (WTI vs Brent)Crude oil trades as two benchmarks: WTI at the Cushing pipeline hub on NYMEX, and Brent at sea on ICE, which prices…
- Strait of HormuzThe Strait of Hormuz is the stretch of water between Iran and Oman that carried about a fifth of the world's seaborne…
- Crack spreadThe crack spread is the gap between the price of crude and the products refined from it, petrol and diesel. A refiner…
- MCX vs COMEXMCX is India's commodity exchange, pricing gold in rupees per 10 grams and shut at night and on weekends; COMEX is the…
- Index futures (E-mini S&P 500)Index futures are futures on a stock index, like the E-mini S&P 500 on the CME. They trade almost round the clock, so…
Educational content only. Not investment advice. Leveraged products magnify losses as well as gains.