Crude Oil

Crude Oil Week Ahead: Oil prices remain range-bound, caught between rising Middle East tensions and potential Russia–Ukraine peace deals. While peace deals could amplify oversupply and weak demand concerns, escalating conflict may lift risk premiums and temporarily support prices.

Oil prices retreated to $66 amid growing concerns over global economic growth, rising inventory levels, and oversupply risks, further pressured by OPEC’s April supply plans. With the (FOMC) meeting on the horizon, market participants are closely watching for signals on the Fed’s policy stance and its implications for oil demand.

After falling to the $65 per barrel zone, WTI has rebounded by more than 4% over the last five trading sessions.

Crude Oil Week Ahead: Crude oil prices remain above the $66 mark, supported by Iranian oil sanctions, escalating Russia-Ukraine tensions, and broader market rebound sentiment. However, concerns over the trade war and oversupply risks continue to fuel a broader bearish outlook.

I reckon a potential drop to $60 may well be on the cards, but I don’t see prices falling much more than that, as the OPEC+ could easily reverse its plans of gradually increasing output. But for now, the crude oil outlook remains negative.

Crude Oil Week Ahead: The transition from trade wars to trade deals has taken a significant toll on markets. Upcoming geopolitical developments, OPEC’s monthly report, and the US inflation report—following concerns over China’s deflation—add further uncertainty to the oil market this week.

The price of WTI crude has dropped more than 6% over the past four trading sessions, settling around $67 per barrel, a level not seen since early December 2024.

Crude Oil, Gold Outlook: As OPEC leans toward an output increase in April and trade tensions escalate between the U.S., Canada, Mexico, and China, oil bears take the lead while gold bulls re-enter the market, hedging against uncertainties.

Half an hour after the release of the official weekly oil inventories report, oil prices had not responded significantly, remaining near the session lows.

Trump’s negotiation strategies, including tariff escalations, ceasefire threats, and sanctions, have fueled volatility during U.S. CPI week, pushing gold near the $3,000 mark and oil back above the $72 zone.

WTI prices have posted a rebound of more than 1% in recent trading hours after facing consistent bearish pressure for the past three weeks.

Crude Oil Week Ahead: As price spikes on oil remain short lived, the broader bearish impact of tariffs is supporting oil prices through their bearish trajectory, with possible alterations to OPEC forecasts and monthly reports in 2025.

Despite the delayed tariff agreements between the US, Mexico, and Canada, the 10% US tariffs on Chinese imports remain in effect as of today. Meanwhile, bearish sentiment dominates crude oil, with prices dipping back below $72

Against a backdrop of rising OPEC+ supply and the potential for increased non-OPEC supply growth, mainly in the US, the crude oil forecast remains modestly bearish.

Crude Oil Week Ahead: Crude oil retested its 2025 starting point, hovering near the key $72 support zone ahead of the first OPEC meeting of the year, next week's ISM PMI and Non-Farm Payrolls reports, and evolving energy policies under Donald Trump.

WTI crude has accumulated a loss of more than 8% in value since mid-January of this year.

Oil prices plunged more than 10% off the monthly high with WTI now testing critical support at the 2025 yearly open. A multi-timeframe view of the oil technical charts.