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.
Oil prices dropped again after a brief rally triggered by US President Donald Trump’s decision to pause tariffs for dozens of countries while hiking duties on Chinese imports to 125%. Investors are growing uneasy over the sharp shifts in US trade policy, Bloomberg 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.
InPlay Oil Corp. CEO Douglas Bartole believes the current drop in oil prices is a market shock in response to a new round of Donald Trump's import tariffs. Canadian companies at the BMO CAPP Energy Symposium doubt the long-term decline in oil prices, Bloomberg reports.
Oil prices dropped nearly 4% during early Wednesday trading amid an escalating tariff standoff between the United States and China, Reuters reports. The prices hit the lowest level in more than 4 years, having fallen for five consecutive sessions.
A decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.
Goldman Sachs analysts have warned of a possible decline in Brent oil prices below $40 per barrel by the end of 2026 under negative circumstances. Such a forecast is possible with a slowdown in global GDP growth and OPEC+ refusal to cut production.
Citi Research lowered its Brent crude price forecast for the next three months to $60 per barrel. The change in the outlook was driven by Donald Trump's new tariffs. Amid escalating trade tensions, oil prices fell by almost 4% earlier this week.
Oil surged by more than 1% on Tuesday, recovering from a significant sell-off that had impacted the energy market in recent sessions. The initial slump in prices was triggered by concerns over US trade tariffs, which could reduce fuel demand and lead to a global recession.
The oil options markets broke out of a months-long stupor last week after OPEC+ increased production amid a global economic downturn. As a result, oil prices plummeted to a four-year low, Bloomberg reports.
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.
