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.
No change of the indicator value may reduce the volatility of the related markets.
An increase of the indicator value may contribute to the fall in quotes of 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.
Indian refineries plan to make more direct purchases of Russian crude oil this year, according to data compiled by Bloomberg.
According to Reuters, global exports of oil, gasoline, and diesel declined year-on-year between January and April 2025. This downturn reflects slowing global economic activity following stringent import tariffs implemented by the US administration.
The American Petroleum Institute (API), the leading US trade organization representing the oil and gas sector, released the following industry updates. Data shows domestic crude stock levels fell by 4.49 million barrels for the week ending May 2.
Mike McGlone, senior commodity strategist at Bloomberg Intelligence, noted the growing divergence between oil and gold prices. In his opinion, this trend signals further deterioration of economic conditions and a probability of a global recession.
On Monday, oil prices hit a four-year low after the Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed to another production increase in June. The alliance plans to further boost crude output, Reuters reports.
Reuters reports that oil rose on Wednesday amid signs of increased demand in China and Europe, as well as lower US production.
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.
