The crude oil market is once again in the spotlight, this time due to a game-changing decision by the U.S. to impose a 25% tariff on countries purchasing Venezuelan oil and gas. This policy, set to take effect on April 2, 2025, is a strategic move aimed at tightening economic
The U.S. has imposed new sanctions on Iranian crude oil tankers, disrupting global markets, affecting oil prices, and reshaping trade dynamics amid rising tensions. In a move that continues to reshape the geopolitical landscape, the United States has imposed new sanctions on oil tankers linked to Iran, a move that
Market Overview Crude Oil price remained largely unchanged in early Tuesday trading as global economic concerns, U.S. tariffs, and ongoing ceasefire negotiations between Russia and Ukraine offset growing geopolitical tensions in the Middle East. Investors closely monitored discussions between U.S. President Donald Trump and Russian President Vladimir Putin regarding the
Introduction ( Crude oil ) This report explores recent changes in the global crude oil market, including China’s unexpected crude oil inventory decline, increased refinery output, geopolitical tensions, and Bank of America’s revised Brent crude price forecast. These factors are shaping global supply, demand, and price movements. Additionally, a technical
The ongoing trade tensions between the U.S. and China aren’t just political headlines— they’re reshaping global markets in real time. From falling demand for oil and metals to soaring gold prices, the impact is being felt across industries and investments. China, a major player in the commodities market, is cutting
Crude Oil Market Analysis: Simple Explanation of Technical and Fundamental Factors Crude oil prices are at a very important stage right now. The chart shows a big triangle pattern forming, where prices are making lower highs but staying above a strong support level. This means the market is waiting for
The crude oil market is constantly shifting, influenced by a variety of global economic, geopolitical, and production-related factors. As we move through 2025, the market is experiencing both challenges and opportunities, making it crucial to stay informed about key drivers that could impact price movements. From geopolitical events like supply
Crude oil prices surged by 2.25% to settle at 6,135 as supply concerns intensified following U.S. President Donald Trump’s decision to revoke Chevron (NYSE: CVX)’s license to operate in Venezuela. This move effectively blocks the export of 240,000 barrels per day (bpd) of Venezuelan crude, further tightening global supplies and
Crude oil price is trading in a descending triangle pattern, which usually signals a bearish trend. Prices have been making lower highs, meaning sellers are pushing the market down. However, oil has been holding strong at a major support level between $68-$70. This level has acted as a floor many
Geopolitical tensions, like the ongoing Russia-Ukraine conflict, are causing major fluctuations in crude oil price , creating uncertainty for traders. These tensions disrupt supply chains and contribute to market volatility, making price movements harder to predict. On top of that, energy security concerns, international sanctions, and shifting policies complicate the
