Petrobras Chief Executive Officer Magda Chambriard talks about the impact of President Donald Trump's tariffs on oil prices and production. She says the company can withstand pressure from tariffs because of demand for products in Asia.
Crude oil extended gains Tuesday, breaking swing highs and key averages. A wedge breakout adds bullish momentum, though $67–$69 remains the decisive resistance zone to watch.
Oil prices picked up on Tuesday amid questions over the stability of Russian oil supplies. Investors are also following the impact of U.S. pressure on key Russian oil consumer India.
Natural gas holds near $2.97 while WTI and Brent extend gains above key levels, with OPEC+ and supply risks shaping the short-term energy market outlook.
Oil and natural gas prices are stabilizing as WTI consolidates on trade and geopolitical tensions, natural gas rebounds from key support with bullish patterns, and a weakening US dollar supports the broader energy market.
Oil prices rose in early Asia trade on Tuesday as concerns about supply disruptions grew amid an escalation of the conflict between Russia and Ukraine.
Crude holds above 52-week support at 63.35 as traders await OPEC+ output signals and monitor Russian exports, U.S. inventories, and demand trends.
Crude oil gains capped by 50-day average as traders eye OPEC+ output, weak demand, and key resistance levels in a bearish near-term oil outlook.
Anas Alhajji, Managing Partner at Energy Outlook Advisors, discusses the impact of President Trump's 50% tariff on India's Russian oil imports and why India's role in global oil markets is often misunderstood.
WTI crude consolidates between $62.55 and $65.12, while Brent compresses in a triangle. Natural gas eyes $3.04 resistance for bullish momentum.
Oil prices were little changed on Wednesday, after falling in the previous session, as the market awaits massive new U.S. tariffs on India, the world's third-largest crude consumer, in response to its purchases of Russian supply.
Natural gas slides in a bearish channel while WTI and Brent hold key supports as geopolitical risks and Fed easing bets fuel market volatility.