Trade War Uncertainty Keeps Oil Traders on Edge ...Middle East

OILPRICE - Economy
Trade War Uncertainty Keeps Oil Traders on Edge
source : OILPRICE ( Middle East ) () 98
Crude oil prices remain under pressure, struggling to gain upside traction as bearish fundamentals dominate sentiment. A combination of OPEC+ supply hikes, trade war escalations, and weak demand indicators has kept oil bulls at bay, reinforcing a bearish outlook for the market. While a short-term technical rebound was observed, the broader downtrend remains intact. OPEC+ Production Hike Adds to Bearish Sentiment OPEC+ surprised the market with its decision to raise production quotas for the first time since 2022, adding 138,000 barrels per day…

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