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.
On Friday, concerns about reduced oil supplies from Iraq gave way to worries about a potential decline in energy demand due to uncertainty surrounding US tariff policy, as reported by Reuters. Consequently, oil prices changed little after rising in the previous session.
In the first half of 2025, oil supplies from Russia to India rose to 1.75 million bpd, up 1% year-on-year. Two major private refiners, Reliance Industries and Nayara Energy, were the main buyers of this crude.
Analysts at Canada's BCA Research predict gold prices will keep climbing as industrial metals lose appeal. Weak economic activity in China and higher US import tariffs are reducing demand for copper, iron ore and even oil.
According to Barclays analysts, oil demand in China remains resilient despite a surge in electric vehicle sales over the past few years. Meanwhile, strong consumption figures for the first half of the year suggest that the demand outlook could be raised.
Crude prices rose in early trade on Thursday, recovering from the previous session's losses. The rebound was driven by better-than-expected economic data from top oil consumers and easing global trade tensions, Reuters reports.
In recent months, global oil reserves have grown rapidly. Most of this growth has occurred in the Asia-Pacific region, helping to keep energy prices stable, Morgan Stanley reports.
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 WTI, Brent.
The American Petroleum Institute (API) reported an unexpected increase in US crude oil inventories. For the week ending July 11, stockpiles rose by 19.1 million barrels. However, data from other sources, including Reuters, show a different picture.
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.
