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Despite Friday\u2019s slight rebound, both Brent and WTI remain on track for their second consecutive weekly losses. Brent is down 3.5% for the week, and WTI has slipped 3%, following an 11% plunge the week prior. Brent\u2019s brief dip below $60\u2014a low not seen since February 2021\u2014underscores the bearish sentiment driven by macroeconomic fears.<\/p>\n
At the heart of current market weakness is the intensifying U.S.-China trade dispute. On Thursday, the U.S. hiked tariffs on Chinese goods to 145%. In response, China retaliated with its own tariff hike to 125%, effective Saturday. While tariffs were paused for other U.S. trading partners, tensions between the world\u2019s two largest economies continue to dominate market sentiment.<\/p>\n
Traders are weighing the risk that prolonged trade frictions will undermine global trade flows and economic output, ultimately curbing oil demand. PVM analyst Tamas Varga described current conditions as a \u201ctariff-driven market,\u201d where policy unpredictability is eroding investor confidence.<\/p>\n
The U.S. Energy Information Administration (EIA) fueled bearish pressure by trimming both global and domestic oil demand forecasts. The agency cited tariff impacts as a key downside risk. Reinforcing this view, BMI analysts expect persistent trade hostilities to keep oil prices under pressure.<\/p>\n
Further highlighting demand concerns, China\u2014the world\u2019s largest oil importer\u2014is projected to see slower economic growth in 2025, according to a Reuters poll. ANZ Bank warned that if global GDP growth drops below 3%, oil consumption could decline by as much as 1%, adding to headwinds.<\/p>\n
Despite intraday volatility and a modest recovery off recent lows, the broader tone remains bearish. With prices failing to reclaim and hold above resistance at $63.70, and macroeconomic concerns continuing to drag sentiment, the market is likely to remain under pressure. Unless trade tensions ease materially, the outlook for oil remains tilted to the downside.<\/p>\n<\/div>\n
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[ad_1] Despite Friday\u2019s slight rebound, both Brent and WTI remain on track for their second consecutive weekly losses. Brent is down 3.5% for the week, and WTI has slipped 3%, following an 11% plunge the week prior. Brent\u2019s brief dip below $60\u2014a low not seen since February 2021\u2014underscores the bearish sentiment driven by macroeconomic fears. How Is the US-China Trade War Reshaping Oil Market Sentiment? At the heart of current market weakness is the intensifying U.S.-China trade dispute. On Thursday, the U.S. hiked tariffs on Chinese goods to 145%. In response, China retaliated with its own tariff hike to 125%, effective Saturday. While tariffs were paused for other U.S. trading partners, tensions between the world\u2019s two largest economies continue to dominate market sentiment. Traders are weighing the risk that prolonged trade frictions will undermine global trade flows and economic output, ultimately curbing oil demand. PVM analyst Tamas Varga described current conditions as a \u201ctariff-driven market,\u201d where policy unpredictability is eroding investor confidence. Will Demand Destruction Override Supply-Side Factors? The U.S. Energy Information Administration (EIA) fueled bearish pressure by trimming both global and domestic oil demand forecasts. The agency cited tariff impacts as a key downside risk. Reinforcing this view, BMI analysts expect persistent trade hostilities to keep oil prices under pressure. Further highlighting demand concerns, China\u2014the world\u2019s largest oil importer\u2014is projected to see slower economic growth in 2025, according to a Reuters poll. ANZ Bank warned that if global GDP growth drops below 3%, oil consumption could decline by as much as 1%, adding to headwinds. Oil Prices Forecast: Bearish Bias Persists Near Key Resistance Despite intraday volatility and a modest recovery off recent lows, the broader tone remains bearish. With prices failing to reclaim and hold above resistance at $63.70, and macroeconomic concerns continuing to drag sentiment, the market is likely to remain under pressure. Unless trade tensions ease materially, the outlook for oil remains tilted to the downside. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":42614,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-42613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/42613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=42613"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/42613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/42614"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=42613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=42613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=42613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}