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.
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.
A decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.
Oil production growth in the US Permian Basin has hit its slowest pace since the COVID-19 pandemic, according to Reuters. Companies are extracting more water and gas per barrel, raising development costs and signaling that America may be approaching peak production levels.
According to Bloomberg calculations based on preliminary data on ship movements, Venezuela has increased oil exports to China to the highest level in almost two years amid growing pressure exerted on the country by the United States.
On Friday, oil is holding near a one-month high. Prices are expected to rise for a third consecutive week, driven by concerns over tighter global supplies due to new US restrictions on Iran and the imposition of 25% tariffs against countries that buy oil and gas from Venezuela.
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.
