简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Last week, the global oil market saw a strong performance, with Brent crude and WTI crude prices rising by 2.4% and around 5% respectively. Oil prices have now posted five consecutive days of gains. But how long can this rally last?
One of the main factors driving oil prices higher has been the persistent cold weather, which has boosted demand for heating oil, particularly in Europe and the U.S. This cold snap hasnt just benefited Brent and WTI; SC crude has also seen significant inflows, with the weakening of the Chinese yuan adding to the upward momentum. Despite having one fewer trading day due to the New Year holiday, oil prices still posted a weekly gain of over 5%, outperforming other major commodities, which have generally remained weak.
At the start of the year, market concerns over demand were relatively low, and there were no clear bearish factors to suppress oil prices. Meanwhile, oil inventories remain at low levels, leaving room for prices to rise. Coupled with potential positive catalysts like the cold weather, oil prices broke out of their range-bound pattern and began an upward trend. After a period of market indecision in late December, prices found the path of least resistance and continued to climb.
A key short-term driver for rising oil prices is the cold weather in Europe and the U.S., which is expected to increase demand for heating, especially heating oil. This seasonal demand boost should provide support for oil prices in the coming weeks. Additionally, Chinas recent economic stimulus measures have fueled optimism about a global rebound in oil demand.
That said, market participants should remain cautious of the potential impact of Federal Reserve policies on the broader economy. With inflationary pressures still lingering and global economic recovery uncertain, these factors could pose risks to further oil price gains.
In conclusion, oil prices are likely to remain supported in the short term by both the cold weather and China‘s economic policies. It’s expected that oil prices will either stabilize at current levels or continue to rise.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
TradingView has launched a mini app on Telegram, making it easier for users to track market trends, check price movements, and share charts.
The global forex markets are bracing for April 2025 with divergent forecasts for key emerging market pairs. In particular, the USD/INR and USD/PHP pairs have attracted significant attention amid a mix of central bank interventions, evolving U.S. policy signals, and regional economic shifts. In this article, we review multiple forecasts, examine the driving factors, and outline what traders might expect as the month unfolds.
Know April’s forex seasonality trends for EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD. Historical insights and key levels to watch in 2025.
Know the reality behind forex trading gurus, examining their deceptive tactics, inflated promises, and the risks associated with trusting them for financial advice.