empty
11.03.2025 10:22 AM
WTI - West Texas Intermediate: Oil Price Recovery Remains Limited

This image is no longer relevant

Oil prices are making attempts at recovery from their lowest levels since September 2024.

However, this rebound is unlikely to be sustained in the near term. Investors remain concerned about the potential economic consequences of tariffs imposed by Donald Trump and their impact on fuel demand. At the same time, OPEC+ has confirmed plans to increase oil production starting in April, which is also exerting significant pressure on crude prices.

However, the downside for oil prices may be limited due to Trump's warning about potential new sanctions against Russia if the war in Ukraine does not cease.

According to Reuters, the U.S. is also considering easing sanctions on Russia's energy sector if Moscow agrees to end hostilities in Ukraine. This has created market uncertainty, impacting oil price movements.

Additionally, a weaker-than-expected U.S. jobs report, released on Friday, has strengthened expectations that the Federal Reserve will cut interest rates multiple times this year. This has kept the U.S. dollar near its lowest levels since November, which could provide tailwinds for commodity prices denominated in dollars, potentially helping to limit losses in crude oil prices.

Market Outlook

Overall, the oil market remains tense, and investors should closely monitor sanctions-related developments and political news.

Technical Analysis

Despite the recent decline in oil prices, traders should note that the RSI (Relative Strength Index) is approaching oversold territory, while the MACD indicator has halted its decline. Given these signals, bears should be cautious about opening new short positions and instead wait for a short-term consolidation or temporary rebound before making further moves.

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

GBP/USD Pair Overview – March 14: The Last Day of the Week as a Mere Formality

On Thursday, the GBP/USD currency pair also began a slight downward correction. While the pound did not depreciate significantly, explaining why it rose for two weeks is difficult. Of course

Paolo Greco 02:39 2025-03-14 UTC+2

EUR/USD Pair Overview – March 14: Maybe That's Enough?

The EUR/USD currency pair finally began to decline on Thursday, but once again, this movement was not linked to macroeconomic factors or fundamental events. It wasn't even related to Donald

Paolo Greco 02:39 2025-03-14 UTC+2

EUR/USD: A Southern Impulse That Should Not Be Trusted

On Thursday, the EUR/USD pair reached a three-day low of 1.0823 but did not break into the 1.07 range, as the downward momentum gradually faded. The EUR/USD pair is currently

Irina Manzenko 23:55 2025-03-13 UTC+2

Euro Faces a Potential Coup d'Etat

The Green Party responded to Friedrich Merz's call for a coalition between the CDU and the Social Democrats, aimed at abolishing the fiscal brake, with a strong rebuttal: "We don't

Marek Petkovich 23:45 2025-03-13 UTC+2

U.S. Inflation Brings Relief to the Fed but Not to the Markets

The euro and pound showed little reaction to news that consumer prices in the U.S. grew at their slowest pace in four months in February—a welcome sign for American households

Jakub Novak 11:14 2025-03-13 UTC+2

Euro Faces Some Challenges

The European currency has encountered some difficulties in its upward movement following yesterday's speech by the European Central Bank (ECB) President. "The eurozone economy is facing exceptional shocks caused

Jakub Novak 10:39 2025-03-13 UTC+2

Wall Street gets rid of dead weight

Buying US stocks is like catching falling knives. It's unpleasant and dangerous for your life — or rather, for your wallet. Nevertheless, pessimism regarding US stock indices has reached such

Marek Petkovich 09:53 2025-03-13 UTC+2

Trump and His Policies Remain the Focus of the Markets (There Is a Chance of a Corrective Decline in EUR/USD and GBP/USD)

Investors seem to have understood that Donald Trump tends to follow a pattern of making two steps forward and one step back when it comes to his economic and geopolitical

Pati Gani 09:04 2025-03-13 UTC+2

What to Pay Attention to on March 13? A Breakdown of Fundamental Events for Beginners

There are few macroeconomic events scheduled for Thursday, and regardless, they are unlikely to hold significant weight for traders. Over the past week and a half, the market has largely

Paolo Greco 06:46 2025-03-13 UTC+2

GBP/USD Pair Overview – March 13: The UK Does Not Want to Bury Its Economy

The GBP/USD currency pair continued to show signs of growth on Wednesday. It's important to note that this movement is primarily due to the decline of the U.S. dollar rather

Paolo Greco 03:12 2025-03-13 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback