{"id":114129,"date":"2025-04-29T09:38:44","date_gmt":"2025-04-29T05:38:44","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=114129"},"modified":"2025-04-29T09:38:47","modified_gmt":"2025-04-29T05:38:47","slug":"crude-oil-prices-fall-as-trade-war-fears-weigh-on-demand-outlook","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/crude-oil-prices-fall-as-trade-war-fears-weigh-on-demand-outlook\/04\/29\/market-updates\/","title":{"rendered":"Crude Oil Prices Fall as Trade War Fears Weigh on Demand Outlook"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Oil prices slid further on Tuesday, as the prolonged U.S.-China trade conflict raised fears of a global recession and dampened expectations for fuel demand growth.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>By 04:00 GMT<\/strong>:\n<ul class=\"wp-block-list\">\n<li><strong>Brent crude futures<\/strong> fell <strong>44 cents<\/strong>, or <strong>0.7%<\/strong>, to <strong>$65.42<\/strong> per barrel.<\/li>\n\n\n\n<li><strong>West Texas Intermediate (WTI) crude futures<\/strong> dropped <strong>40 cents<\/strong>, or <strong>0.6%<\/strong>, to <strong>$61.65<\/strong> a barrel.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>Both benchmarks extended Monday\u2019s losses, when prices fell by more than $1.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Trade War Pressures Demand Outlook<\/h3>\n\n\n\n<p>The persistent trade tensions between the world\u2019s two largest economies have heightened concerns over <strong>global growth<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>President Donald Trump\u2019s sweeping tariffs<\/strong> on all U.S. imports have <strong>raised recession risks<\/strong>, according to a majority of economists surveyed by Reuters.<\/li>\n\n\n\n<li><strong>China<\/strong>, bearing the brunt of U.S. tariffs, retaliated with <strong>its own levies<\/strong> on American goods, escalating the trade war.<\/li>\n<\/ul>\n\n\n\n<p>This hostile trade environment has led analysts to <strong>cut oil demand and price forecasts<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Barclays<\/strong> lowered its <strong>2025 Brent crude forecast<\/strong> by <strong>$4<\/strong> to <strong>$70 a barrel<\/strong>, citing:\n<ul class=\"wp-block-list\">\n<li>Elevated trade tensions.<\/li>\n\n\n\n<li>A shift in <strong>OPEC+ production strategy<\/strong> that could result in a <strong>1 million barrel per day<\/strong> supply surplus this year.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">OPEC+ Supply Increases Loom<\/h3>\n\n\n\n<p>Adding to the downward pressure:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Several OPEC+ members<\/strong> are expected to propose a <strong>second consecutive monthly acceleration<\/strong> of oil output hikes in <strong>June<\/strong>.<\/li>\n\n\n\n<li>This move could <strong>flood the market with additional barrels<\/strong> at a time when <strong>demand growth<\/strong> is under threat from trade-induced economic weakness.<\/li>\n<\/ul>\n\n\n\n<p>OPEC+ includes the <strong>Organization of the Petroleum Exporting Countries<\/strong> and its key allies, such as Russia.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">U.S. Inventories Expected to Rise<\/h3>\n\n\n\n<p>Further weighing on sentiment:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A preliminary Reuters poll suggests that <strong>U.S. crude oil stockpiles<\/strong> likely rose by about <strong>500,000 barrels<\/strong> for the week ended April 15.<\/li>\n<\/ul>\n\n\n\n<p><strong>Key reports to watch<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>American Petroleum Institute (API)<\/strong> inventory estimates due later Tuesday.<\/li>\n\n\n\n<li><strong>Energy Information Administration (EIA)<\/strong> official figures expected on Wednesday.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">In Summary<\/h3>\n\n\n\n<p>Oil markets are under <strong>intense pressure<\/strong> from a <strong>combination of rising supply expectations<\/strong> and <strong>weaker demand outlook<\/strong> driven by <strong>geopolitical tensions<\/strong> and <strong>tariff wars<\/strong>. Near-term direction will depend heavily on fresh inventory data and any breakthrough \u2014 or escalation \u2014 in U.S.-China trade discussions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices slid further on Tuesday, as the prolonged U.S.-China trade conflict raised fears of a global recession and dampened expectations for fuel demand growth. By 04:00 GMT: Brent crude futures fell 44 cents, or 0.7%, to $65.42 per barrel. West Texas Intermediate (WTI) crude futures dropped 40 cents, or 0.6%, to $61.65 a barrel. &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":[],"class_list":["post-114129","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114129","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=114129"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114129\/revisions"}],"predecessor-version":[{"id":114130,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114129\/revisions\/114130"}],"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=114129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=114129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=114129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}