Crude oil
Crude oil prices found some support in early Friday trading but remain near the 2025 lows reached in the previous session. The market continues to face significant headwinds, including a recent surge in US inventories—highlighting weaker demand—OPEC’s commitment to increasing production after April, and a gloomy global economic outlook driven by the new US administration’s protectionist agenda, which is expected to dampen demand growth. Against this backdrop, the near-term outlook for oil remains bearish, with prices set to close the week in the red for the third consecutive time.
Ricardo Evangelista – Senior Analyst, ActivTrades
Source: ActivTrader
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