Oil prices are trading higher – Danske Bank
FXStreetApr 1, 2025 9:53 AM
Oil prices have rebounded lately, Danske Bank's FX analyst Stefan Mellin reports.
Market is worried about sanctions and related supply side effects
"A host of factors are driving the market including trade woes, growth concerns, halt in the USD sell-off and new oil-related sanctions. The fact that oil prices are rising in this environment to us suggests that the market is more worried about sanctions and related supply side effects."
"However, we doubt this can drive oil prices much higher since OPEC+ has started hiking output. Rather clarity on global trade policy and preferably fewer tariffs than what has been pre-announced so far could push oil prices another leg higher."
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
[Reuters Analysis] Trump tariffs pile stress on ailing world economy
LONDON/TOKYO, April 3 (Reuters) - The latest round of U.S. trade tariffs unveiled on Wednesday will sap yet more vigour from a world economy barely recovered from the post-pandemic inflation surge, weighed down by record debt and unnerved by geopolitical strife.Reuters
2 hours ago
2025 S&P 500 Forecasts on Wall Street: Why Are Analysts Divided?
TradingKey - Wall Street's forecasts for the S&P 500 index in 2025 show a rare split: the lowest target from Stifel stands at 5,500 points, while Oppenheimer's highest target is 7,100 points, marking a significant 20% disparity. This is the biggest difference in annual outlooks among investment bankTradingKey
Fri, Mar 28
Ray Dalio’s Warning on “Unsustainable” US Debt: What Investors Need to Know
Tradingkey - So far in 2025, it has been a roller coaster ride for investors. The rally in US stock markets post-President Trump’s election quickly fizzled out as markets realised he was serious about imposing punitive tariffs on both allies and strategic competitors.TradingKey
Thu, Mar 27
EUR/JPY Price Forecast: Remains capped below the 100-day EMA near 159.50
The EUR/JPY cross loses traction to around 159.40 during the early European session on Friday.FXStreet
Fri, Mar 7
US Dollar Outlook 2025: Will Investors Be Buying or Selling the Greenback?
TradingKey - Foreign exchange (FX) is a massive market. Daily, almost US$7 trillion in FX is traded, making it one of the biggest (and most liquid) markets in the world. Currencies also impact everything from businesses’ margins to trading relationships. In other words, they are impactful. The biggeTradingKey
Mon, Dec 30
