{"id":111601,"date":"2025-02-10T10:46:24","date_gmt":"2025-02-10T06:46:24","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=111601"},"modified":"2025-02-10T10:46:28","modified_gmt":"2025-02-10T06:46:28","slug":"oil-prices-edge-higher-despite-tariff-concerns-and-weak-chinese-demand","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-prices-edge-higher-despite-tariff-concerns-and-weak-chinese-demand\/02\/10\/market-updates\/","title":{"rendered":"Oil Prices Edge Higher Despite Tariff Concerns and Weak Chinese Demand"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p>Oil prices <strong>rose in Asian trading on Monday<\/strong> after three straight weeks of declines, despite U.S. President <strong>Donald Trump&#8217;s new tariff measures<\/strong> on steel and aluminum imports.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Brent crude<\/strong>: <strong>Up 0.5%<\/strong> to <strong>$75.06<\/strong> per barrel<\/li>\n\n\n\n<li><strong>WTI crude (March contract)<\/strong>: <strong>Up 0.6%<\/strong> to <strong>$71.13<\/strong> per barrel<\/li>\n<\/ul>\n\n\n\n<p><strong>Key Drivers:<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Tariffs and Trade Tensions<\/strong>\n<ul class=\"wp-block-list\">\n<li>The <strong>U.S. imposed a 10% tariff<\/strong> on <strong>Chinese imports<\/strong>, triggering <strong>retaliatory tariffs<\/strong> from China on <strong>U.S. oil, LNG, and coal<\/strong>.<\/li>\n\n\n\n<li>The U.S. also <strong>slapped a 25% tariff<\/strong> on <strong>all steel and aluminum imports<\/strong>, raising costs for energy infrastructure.<\/li>\n\n\n\n<li>These trade measures have introduced <strong>uncertainty<\/strong> into the global oil market, potentially tightening supply.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Inflation Concerns &amp; Oil as a Hedge<\/strong>\n<ul class=\"wp-block-list\">\n<li>Higher import costs due to <strong>tariffs<\/strong> could <strong>fuel inflation<\/strong>, pushing investors toward <strong>commodities like oil<\/strong> as a hedge, supporting prices.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Weak Demand Signals from China<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>China\u2019s January inflation data<\/strong> showed <strong>sluggish consumer spending and industrial activity<\/strong>, adding downward pressure on oil prices.<\/li>\n\n\n\n<li>The <strong>Producer Price Index (PPI) decline<\/strong> reflects <strong>ongoing deflation in the manufacturing sector<\/strong>, which could weigh on <strong>industrial oil demand<\/strong>.<\/li>\n\n\n\n<li><strong>Potential stimulus measures<\/strong> from Beijing, such as <strong>interest rate cuts or infrastructure spending<\/strong>, could provide future support to oil prices.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<p>While short-term volatility continues, <strong>geopolitical risks, trade policies, and economic data from China<\/strong> remain critical factors shaping the <strong>oil market outlook<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose in Asian trading on Monday after three straight weeks of declines, despite U.S. President Donald Trump&#8217;s new tariff measures on steel and aluminum imports. Brent crude: Up 0.5% to $75.06 per barrel WTI crude (March contract): Up 0.6% to $71.13 per barrel Key Drivers: Tariffs and Trade Tensions The U.S. imposed a &hellip;<\/p>\n","protected":false},"author":9,"featured_media":103776,"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-111601","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\/111601","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=111601"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111601\/revisions"}],"predecessor-version":[{"id":111603,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111601\/revisions\/111603"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/103776"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=111601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=111601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=111601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}