News list for " Oil"
On February 3, Russian Deputy Prime Minister Novak said that the OPEC + Joint Ministerial Monitoring Committee (JMMC) discussed US President Donald Trump's call to increase oil production. In an interview with Russian television, Novak said that the committee agreed that OPEC + will gradually increase oil production starting from April 1, which is in line with previous plans. Trump has previously publicly called on OPEC + and its main member Saudi Arabia to lower oil prices, saying that doing so...
Gold is about to start a new crazy journey! If the oil market loses this level, it may plunge further? Tariffs will lead to "stagflation" in the United States, and the best chance for the dollar to cover the gap is in...
The technical aspects of the daily external futures varieties are summarized, among which three varieties, including WTI crude oil, have the opportunity to go long.
Tariff headlines have been overwhelmed, and oil prices have jumped up and down. Analysts believe this will have a counterforce to lower inflation, and if it falls below this level, oil prices could plunge further > >
On February 1st, according to foreign media reports, US President Trump said on Friday that the United States will impose tariffs on imports such as computer chips, pharmaceuticals, steel, aluminum, copper, oil and natural gas as soon as mid-February. Trump added that he also wants to impose tariffs on the European Union, but did not specify the timing and rate of tariffs. The announced tariffs on these industries and the European Union appear to be separate from the 25% tariffs on Canada and Me...
WTI crude oil rose more than $0.5 in the short term to a high of $72.57 a barrel.
Affected by Trump's tariff news, WTI crude oil fell by more than $0.6 in the short term to $71.92 per barrel.
The US and Brent oil prices continued to decline in the short term, with WTI crude oil falling 1.6% to $71.76/barrel; Brent crude oil fell to $76/barrel, down 1.24% in the day.
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...
If this stance can be repeated, gold will repeat the rally of 2024! The bearish pattern of US oil has not yet taken effect. The US and Japan are in a key game area. If the US core PCE exceeds expectations, this level may be tested?
According to GME data, the official selling price (OSP) of Oman crude oil in March was $80.26/barrel, up $7.10 from $73.16/barrel in February.
Goldman Sachs raised its forecast for the average price of Brent crude oil in 2025 and 2026 to $78 and $73, respectively (previously $76 and $71, respectively).
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