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 extended their decline in early Asian trade on Friday, marking their steepest weekly drop in several months. The new US import tariffs have stoked concerns over weakening demand, Reuters reports.
An oil export hub in Novorossiysk has been shut down for 90 days due to Russian government orders. The decision comes just a day after OilPrice.com reported that two of the three moorings at the major terminal for Kazakh oil had been temporarily halted.
Oil prices fell on Thursday after President Donald Trump announced stringent new tariffs on imports from top trading partners, including the EU and China. Bloomberg reports the duties could dampen global energy demand.
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.
An increase of the indicator value may contribute to the rise in quotes of Gasoline, WTI, Brent.
An increase of the indicator value may contribute to the rise in quotes of Gasoline, WTI, Brent.
In March, OPEC+ continued its strategy of limiting oil production, with notable cuts from Iraq and Nigeria. According to Bloomberg, the group reduced its overall output by 110,000 barrels per day (bpd), bringing the total to 27.43 million bpd.
China's oil consumption will surge by 1.1% to 765 million tons in 2025 amid economic growth and rising demand for petrochemical products. This was announced by a think tank affiliated with China National Petroleum Corp (CNPC).
On Wednesday, oil prices stabilized after decreasing at the yesterday's session amid concerns about new US tariffs. They will be announced today. As noted by Reuters, tougher trade policy of the United States may slow down the global economy and curb demand for crude oil.
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.
