global oil demand

Oil Falls Below $66 as Bearish Supply Outlook Weighs, Market Eyes Trump-Putin Meeting

Oil prices came under pressure yesterday after bearish supply/demand forecasts for the market. There’s also plenty of uncertainty heading into Friday’s Trump-Putin summit

Brent Crude Prices Struggle Amid U.S. Sanctions, Supply Concerns, and Tariff Fears

• Brent crude oil prices are under pressure due to new US sanctions on Iran, potential increases in Iraqi oil exports from Kurdistan.
• US Consumer confidence recorded its worst print in 3 years weighing on market sentiment.
• Technical analysis shows the 100-day moving average is acting as significant resistance around the 75.32 level for Brent crude oil.