{"id":111273,"date":"2025-01-31T11:32:39","date_gmt":"2025-01-31T07:32:39","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=111273"},"modified":"2025-01-31T11:32:44","modified_gmt":"2025-01-31T07:32:44","slug":"oil-prices-rise-amid-dip-buying-but-face-weekly-losses-on-tariff-concerns","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-prices-rise-amid-dip-buying-but-face-weekly-losses-on-tariff-concerns\/01\/31\/market-updates\/","title":{"rendered":"Oil Prices Rise Amid Dip Buying but Face Weekly Losses on Tariff Concerns"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p>Oil prices edged higher in <strong>Asian trade on Friday<\/strong>, benefiting from <strong>dip buying<\/strong>, but remained on track for their <strong>second consecutive week of losses<\/strong>. Investors remained cautious over <strong>trade tariffs under U.S. President Donald Trump<\/strong>, which could disrupt global demand, particularly in <strong>China<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Brent crude (March contract)<\/strong>: <strong>+0.4%<\/strong> at <strong>$77.21 per barrel<\/strong><\/li>\n\n\n\n<li><strong>WTI crude<\/strong>: <strong>+0.5%<\/strong> at <strong>$73.13 per barrel<\/strong><\/li>\n\n\n\n<li><strong>Weekly decline<\/strong>: <strong>Brent and WTI down between 1.7% and 2.3%<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Key Market Drivers<\/strong><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>1. Trump\u2019s Tariff Plans Weigh on Market Sentiment<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Trump <strong>confirmed on Thursday<\/strong> that his <strong>25% tariffs on Canada and Mexico<\/strong> will take effect on <strong>Saturday<\/strong>.<\/li>\n\n\n\n<li>He also <strong>threatened the BRICS nations<\/strong>, including <strong>top oil importer China<\/strong>, with <strong>100% tariffs<\/strong> over their attempts to replace the <strong>U.S. dollar<\/strong> in trade.<\/li>\n\n\n\n<li>A <strong>10% duty on Chinese imports<\/strong> could also be imposed <strong>starting Saturday<\/strong>.<\/li>\n\n\n\n<li>While Trump is still debating whether to <strong>include oil imports<\/strong> in the tariffs, doing so could <strong>increase U.S. gasoline prices<\/strong> and <strong>fuel inflation<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>2. Market Uncertainty Over AI-Driven Energy Demand<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Investors <strong>questioned whether AI-driven growth<\/strong> will significantly increase energy consumption.<\/li>\n\n\n\n<li>This added to <strong>bearish sentiment<\/strong>, particularly as oil demand forecasts remain uncertain.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>3. Bigger-Than-Expected U.S. Crude Inventory Build<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Recent <strong>data showed a larger-than-expected build in U.S. crude inventories<\/strong>, indicating <strong>weaker demand<\/strong> and adding <strong>downward pressure on prices<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>4. U.S. PCE Inflation Data in Focus<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Investors are awaiting <strong>December\u2019s Personal Consumption Expenditures (PCE) price index<\/strong>, the <strong>Federal Reserve\u2019s preferred inflation gauge<\/strong>.<\/li>\n\n\n\n<li>The <strong>U.S. dollar strengthened<\/strong> ahead of the data, <strong>limiting oil price gains<\/strong>.<\/li>\n\n\n\n<li>The <strong>Federal Reserve kept rates unchanged<\/strong> this week but <strong>struck a hawkish tone<\/strong>, warning about <strong>persistent inflation risks<\/strong>\u2014which could impact <strong>future rate cuts<\/strong> and <strong>oil demand<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Market Outlook<\/strong><\/h3>\n\n\n\n<p>Despite Friday\u2019s gains, oil prices remain <strong>under pressure from geopolitical risks and economic uncertainty<\/strong>. Investors will closely monitor:<br><strong>Trump\u2019s tariff policies and potential impact on global trade<\/strong><br><strong>OPEC+ meeting on February 3<\/strong><br><strong>U.S. inflation trends and Federal Reserve policy stance<\/strong><\/p>\n\n\n\n<p>If Trump <strong>includes oil in his tariffs<\/strong>, it could <strong>significantly disrupt supply chains<\/strong> and <strong>add to inflationary concerns<\/strong>, further complicating the <strong>global economic outlook<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices edged higher in Asian trade on Friday, benefiting from dip buying, but remained on track for their second consecutive week of losses. Investors remained cautious over trade tariffs under U.S. President Donald Trump, which could disrupt global demand, particularly in China. Brent crude (March contract): +0.4% at $77.21 per barrel WTI crude: +0.5% &hellip;<\/p>\n","protected":false},"author":9,"featured_media":105619,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6936,6875,7534],"class_list":["post-111273","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-oil-prices","tag-russia","tag-sanctions"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=111273"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111273\/revisions"}],"predecessor-version":[{"id":111274,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111273\/revisions\/111274"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/105619"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=111273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=111273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=111273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}