Oil is on its way to a second weekly loss, in light of the rising unrest in the global markets due to increasing commercial policy, followed by US President Donald Trump, which caused the fear of global economic stagnation and a mass flight with risky assets. Brent ruol dropped below the $ 63 per barrel, a 4% drop this week, after reaching its lowest level in four years. As for the intermediate “West Texas” RAW, it traded almost $ 59. This decline has come in light of the heavy sales that have swept shares, bonds and dollars in the United States, amid increasing concerns about the impact of US customs duties, especially those imposed by China, the largest importer of crude oil in the world. The main indicators in the oil market show clear signals, with the acceleration of the decline this month. Among these indicators is the return of the ‘temple’ to the parts of the term curve, a negative price pattern that indicates expectations for the fall in prices in the future. A widespread drop in oil and commodity prices amid the rise of fees, oil has lost about 16% since the beginning of April, in the context of a massive sale wave that affected most of the basic commodities. The US definitions include 145% punishment on imports from China, which in turn responds with the imposition of against -it, which has increased the tension between the two largest economies in the world. The decision of the “OPEC+” coalition also contributed to alleviating production restrictions in increasing pressure on crude prices. “We are clearly on our way to a commercial war in which there is no win; the resulting strike has begun to influence the moral and real demand in the oil market. While violent sales in the dollar and treasury bonds were not completely transferred to oil assets, investors should carefully monitor investors.” Earlier this week, the United States reduced its expectations for the growth of global oil demand, in light of the increasing concern about consumption and the decline of economic expectations. The Energy Information Administration now expects global consumption to rise by approximately 900 thousand barrels per day in 2025, or about 400 thousand barrels than is estimated in the past month. The drop in oil prices has also led to a decline in the products associated with it, as US petrol contracts dropped by about 5% this week.
Oil is on its way to going on a second weekly loss amid the fear of stagnation
