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.
Analysts at Goldman Sachs advise adding gold and oil to long-term portfolios. The strategy is particularly relevant as concerns grow over the stability of the US economy.
According to Reuters, oil prices increased on Thursday after the US federal trade court blocked the implementation of tariffs imposed by President Donald Trump. On Thursday, the prices of two benchmark oil grades—Brent and WTI—rose by approximately 78 cents, or 1.2% and 1.3%, respectively.
A decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.
The Norwegian Statistical Office (SSB) says they're expecting a record-breaking level of investment in the country's oil and gas sector in 2025. Revised estimates indicate that total capital inflows are likely to hit 269.1 billion Norwegian kroner (about $26.46 billion).
The energy market remains volatile. On Wednesday, oil prices rose as the US tightened restrictions on exports of raw materials from Venezuela. In particular, the ban has affected one of the largest US producers, Chevron.
Saudi Arabia may lower the price of its oil for Asian buyers in July to the lowest level in six months due to an increase in OPEC+ supply. This information comes from industry sources surveyed by Reuters.
Saudi Arabia and Kuwait announced the discovery of a big oil field in the so-called Partitioned Neutral Zone, which is located on the border between the two countries. The new site is just five kilometers north of the Wafra field.
According to authorities of the Canadian province of Alberta, the average price for leasing land for oilfield development has fallen to just above $560 per hectare this year. This is 18% below the 2024 figure.
According to Bloomberg, OPEC+ moved the videoconference meant to determine July oil production levels for eight key member countries by one day. The meeting is now scheduled for May 31.
On Tuesday, crude oil prices are declining moderately as market participants assess the possibility of a decision to further increase oil production at the OPEC+ meeting later this week.
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.
