"WTI has recorded two consecutive recovery sessions, reclaiming the USD 60 per barrel level and touching around USD 60.5. This move suggests that short-term selling pressure has eased somewhat after the previous corrective phase. However, to properly assess the nature of this rebound, it is necessary to clearly examine both the supporting factors behind prices and the risks that still persist in the near term."
"President Trump's decision to temporarily postpone the implementation of tariffs on the EU after reaching a framework agreement related to Greenland. Previously, Trump had threatened to impose a 10% tariff from 1 February 2026, with a further increase to 25% from 1 June 2026 if no agreement was reached. The decision to delay these tariffs has reduced the risk of a renewed trade confrontation between the US and Europe, thereby improving global growth expectations and supporting sentiment toward cyclical assets such as crude oil."
WTI has risen for two consecutive sessions, reaching about USD 60.5 as short-term selling pressure eased. A weaker US dollar, with the DXY around 98.4 and intraday lows near 98.2-98.3, has supported USD-denominated oil by improving commodity attractiveness and risk sentiment. Geopolitical tensions with Iran have eased, reducing headline volatility and allowing technical stabilization. The temporary postponement of US tariffs on the EU has lowered trade confrontation risk and bolstered global growth expectations. Demand signals from China turned more constructive, with 2025 GDP at 5.0% and Q4 2025 growth at about 4.5% year-on-year, but near-term risks remain.
Read at London Business News | Londonlovesbusiness.com
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