On Tuesday, oil prices are declining due to pressure from concerns over escalating trade tensions. Market participants are worried about the impact of increasing friction between the US and EU on economic activity and fuel demand.
An increase of the indicator value may contribute to the rise in quotes of WTI, Brent.
A decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.
A decrease of the indicator value may contribute to the rise in quotes of NG, WTI, Brent.
An increase of the indicator value may contribute to the fall in quotes of WTI, Brent.
A decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.
Kazakhstan continues to ramp up oil exports, ignoring its commitments to OPEC+. According to Bloomberg, citing four traders familiar with the situation, CPC Blend crude supplies through the Russian port of Novorossiysk may reach a record 1.75 million barrels per day in July.
During his speech at the Global Energy Show in Canada on Tuesday, OPEC Secretary General Haitham Al Ghais said that oil demand growth is expected to continue for at least the next 25 years.
Russian crude exports rose in the four weeks to June 8 after a strong rebound in weekly flows. Japan’s Taiyo Oil refinery took the first cargo delivered to the G7 nation in over two years, signaling growing buyer willingness to resume trade relations with Russia, Bloomberg reports.
The US Energy Information Administration (EIA) projects that American oil production will decline in 2026 for the first time since 2021, falling to 13.37 million barrels per day (bpd) from 13.42 million bpd in 2025.
An increase of the indicator value may contribute to the fall in quotes of WTI, Brent.
News on oil prices is not just information for specialists. This is an important signal for every experienced trader. This section of the website will help you understand when there’s a "Strong buy" signal for oil and when it is a "Strong sell" signal.
Oil price movements are more than just charts on a screen. It is one of the key drivers of the global economy. Understanding these dynamics helps in making rational decisions and adapting to changes.
