The oil market is currently under strong selling pressure, with Brent crude futures dropping below $80 after four consecutive days of decline. A national energy emergency declared by Trump and a push for energy independence are fueling bearish momentum. While OPEC+ continues to pressure for increased production, potential U.S. actions to boost exports could counterbalance this force. Economic slowdowns, especially in China, limit future price increases, placing emphasis on Trump's policies as a primary driver of market behavior alongside ongoing supply oversupply risks.
Currently, the oil market is facing strong selling pressure, with Brent crude futures closing lower for four consecutive trading days, now dropping below $80.
From the demand side, the global economic slowdown and the uncertain economic recovery path in China may limit price increases in the medium to long term.
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