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On January 31st, oil prices fell in the US session, and the market is waiting to see if US President Trump will follow through on his promise to impose tariffs on Mexico and Canada on Saturday. PVM analyst Tamas Varga said that oil prices are pressured by the potential negative economic impact of the US tariffs on Canada and Mexico, adding that the tariffs could lead to a rise in the dollar, which in turn weighs on oil prices. Canada and Mexico are the two countries that export the most crude oi...
International oil prices jumped more than 3 per cent today as traders focused on potential supply disruptions and expectations of increased demand due to lower temperatures. Futures in the US and Burkina Faso are on track for weekly gains of 2.7 per cent and 3.2 per cent respectively, supported by the prospect of tougher US sanctions on Russia and Iran and a drop in Russian seaborne exports. "The US is expected to announce more sanctions against Russia in the coming days, which will exacerbate t...
Oil prices rebounded sharply overnight, and Wednesday's strong pullback did not seem to dampen bullish enthusiasm. Analysts believe that there are currently three pillars supporting oil prices to rise, but beware of the risk of a pullback at this level? > >
On the supply side, under the disturbance of typhoons in the main producing areas, it is not conducive to the amount of new rubber. According to the forecast of the National Weather Service of the United States, the rainfall in Vietnam, southern Thailand, southwestern Cambodia and other regions in the next week will still be too heavy, which will affect the development of rubber tapping work. It is expected that short-term raw material prices will continue to operate at a high level, providing s...
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