17 March | Oil

Bloomberg: oil rises amid China's new stimulus measures

Bloomberg: oil rises amid China's new stimulus measures

Oil prices rose for a second consecutive day after the Chinese government announced plans to further stabilize its stock and real estate markets. The authorities also pledged measures to boost wages and address the country’s declining birth rate, Bloomberg reports. 

According to the agency, the escalation of tensions in the Middle East also boosted energy prices.

Despite this rebound, oil has fallen by more than $10 per barrel since the beginning of the year. Prices have fallen from the highs reached in January. Donald Trump's controversial trade policy, an OPEC+ decision to increase oil supply and a possible weakening of the conflict in Eastern Europe had a negative impact on oil prices.

In this regard, Goldman Sachs experts have lowered their Brent oil forecasts for the end of the current year. According to analysts, in December 2025 oil will fall in price by $5 to $71 per barrel.

However, Goldman analysts noted that prices could see a short-term recovery. Robust US economic growth and sustained pressure from US sanctions on Russia may provide temporary support for crude markets.

Anton Volkov MarketCheese
Period: 12.05.2025 Expectation: 1500 pips
USDJPY rebound fades ahead of Fed meeting
Yesterday at 10:52 AM 42
Period: 30.05.2025 Expectation: 975 pips
Natural gas maintains upside potential within megaphone pattern
Yesterday at 09:19 AM 44
Period: 13.05.2025 Expectation: 19100 pips
ETHUSD gains momentum toward $2,000
Yesterday at 08:42 AM 39
Period: 08.05.2025 Expectation: 1000 pips
GBPUSD to pull back from 1.33000 to 1.32000
Yesterday at 06:51 AM 20
Period: 16.05.2025 Expectation: 1800 pips
Breaking support at 1.38 may push USDCAD down to 1.362
05 May 2025 37
Period: 08.05.2025 Expectation: 2000 pips
USDJPY to rebound from 144,000 to 145,500
05 May 2025 56
Go to forecasts