The changing political landscape in Syria and rising tensions in the Middle East have sparked concerns over oil supply disruptions, inducing short-term bullish sentiment.
Saudi Aramco's decision to cut prices for Asian buyers in January 2025 reflects ongoing weak demand, particularly from China, and suggests sustained bearish conditions for global crude prices.
Despite OPEC+'s production cuts until the end of 2026 aimed at supporting the market, rising oil output from regions like the U.S. poses challenges to oil prices.
The market outlook remains cautious, with geopolitical risks providing intermittent support, but a looser Chinese monetary policy could potentially boost demand for oil.
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