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.
An increase of the indicator value may contribute to the fall in quotes of WTI, Brent.
In the opinion of economists surveyed by Reuters, oil prices will remain under pressure in 2025 due to US tariffs and slower economic growth in major countries such as India and China. These circumstances will have a negative impact on energy consumption.
Macquarie forecasts oil prices could slump to $60 per barrel—a level not seen since 2021—as markets remain oversupplied. Crude oil demand is weakening amid escalating global trade tensions, just as OPEC+ prepares to boost output this month.
Oil prices stabilized after Monday’s surge, which was triggered by US President Donald Trump’s threat to restrict Russian energy supplies. Oil markets are increasingly pricing in potential disruptions to Russian crude supplies.
Indian refiners have rushed back to the market to secure alternative crude supplies after US President Donald Trump’s proposed restrictions on Russian oil sparked fears of supply disruptions, Bloomberg reports.
Oil prices edged higher Monday following President Trump's threat to impose 25% tariffs on buyers of Russian crude. However, the gains remained modest as traders weighed the likelihood of actual imposition, Reuters reported.
Saudi Arabia is considering lowering oil prices for Asian customers in May, Reuters reports, referring to results of a survey conducted among oil refining companies in the region.
Reuters reports that oil prices ease on Monday despite warnings from US President Donald Trump about possible tariffs on countries that buy Russian crude.
An increase 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 NG, 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.
