{"id":112849,"date":"2025-03-17T14:44:32","date_gmt":"2025-03-17T10:44:32","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=112849"},"modified":"2025-03-17T14:44:35","modified_gmt":"2025-03-17T10:44:35","slug":"oil-prices-rise-amid-u-s-strikes-on-houthis-and-strong-chinese-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-prices-rise-amid-u-s-strikes-on-houthis-and-strong-chinese-data\/03\/17\/market-updates\/","title":{"rendered":"Oil Prices Rise Amid U.S. Strikes on Houthis and Strong Chinese Data"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p>Oil prices <strong>traded higher on Monday<\/strong> as the <strong>U.S. vowed continued strikes on Yemen\u2019s Houthis<\/strong>, while <strong>Chinese economic data<\/strong> fueled optimism for <strong>stronger demand<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Brent crude:<\/strong> <strong>+0.9%<\/strong> to <strong>$71.21\/barrel<\/strong><\/li>\n\n\n\n<li><strong>WTI crude:<\/strong> <strong>+0.9%<\/strong> to <strong>$67.80\/barrel<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Key Drivers Behind the Oil Price Surge<\/strong><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>1. U.S. Military Action Against Houthis<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>President Donald Trump<\/strong> launched <strong>airstrikes<\/strong> on Saturday in response to <strong>Houthi attacks on Red Sea shipping lanes<\/strong>.<\/li>\n\n\n\n<li><strong>U.S. officials suggest<\/strong> the <strong>military campaign could last for weeks<\/strong>.<\/li>\n\n\n\n<li>The <strong>Red Sea accounts for 15% of global shipping traffic<\/strong>, raising concerns over potential <strong>supply disruptions<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>2. China\u2019s Economic Data Boosts Demand Outlook<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Retail sales growth<\/strong> in <strong>January-February<\/strong> accelerated, signaling <strong>improved consumer spending<\/strong>.<\/li>\n\n\n\n<li><strong>Factory output slowed, and unemployment rose<\/strong>, but policymakers remain optimistic about <strong>domestic demand recovery<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Market Pressures and Balancing Factors<\/strong><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>1. OPEC+ Production Increase<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>OPEC+ will raise oil output starting in April<\/strong>, adding <strong>supply-side pressure<\/strong>.<\/li>\n\n\n\n<li>However, analysts believe that <strong>tighter U.S. sanctions on Iran<\/strong> will offset the <strong>increase in OPEC+ production<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>2. Ukraine Peace Talks Weigh on Prices<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Trump plans to speak with Putin on Tuesday<\/strong> to discuss <strong>ending the Russia-Ukraine war<\/strong>.<\/li>\n\n\n\n<li>A <strong>potential de-escalation in Ukraine<\/strong> could reduce <strong>geopolitical risk premiums<\/strong> in energy markets.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Outlook<\/strong><\/h3>\n\n\n\n<p>Despite <strong>escalating tensions in the Middle East<\/strong>, oil remains under pressure due to <strong>global economic concerns and OPEC+ supply adjustments<\/strong>. However, <strong>strong Chinese demand and geopolitical risks<\/strong> continue to provide <strong>upside support<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices traded higher on Monday as the U.S. vowed continued strikes on Yemen\u2019s Houthis, while Chinese economic data fueled optimism for stronger demand. Brent crude: +0.9% to $71.21\/barrel WTI crude: +0.9% to $67.80\/barrel Key Drivers Behind the Oil Price Surge 1. U.S. Military Action Against Houthis President Donald Trump launched airstrikes on Saturday in &hellip;<\/p>\n","protected":false},"author":9,"featured_media":102545,"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":[38,37,36],"tags":[],"class_list":["post-112849","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112849","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=112849"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112849\/revisions"}],"predecessor-version":[{"id":112850,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112849\/revisions\/112850"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/102545"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=112849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=112849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=112849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}