INSUBCONTINENT EXCLUSIVE:
As of the morning of March 11, 2025, crude oil prices continued to experience volatility, influenced by a combination of geopolitical
tensions, economic concerns, and supply adjustments
The current price of West Texas Intermediate crude oil is around $66.10 per barrel.Previous Day and Night DevelopmentsWTI Crude Oil: Prices
fell by approximately 1.51% to $66.03 per barrel by midday PST on March 11, reflecting ongoing concerns about a potential U.S
recession and the impact of tariffs on global growth.Brent Crude: Prices rose slightly to $69.33 per barrel, despite broader market
worries.DME Oman Crude: Ended the previous week at $71.17 per barrel, reflecting a mixed market sentiment.Global Oil Market Trends and
Analysis for March 11, 2025
(Photo Internet reproduction)Global Oil MarketsAsia: A market share battle is emerging as Saudi Arabia and Russia increase their crude
remains cautious due to geopolitical risks, including the ongoing Russia-Ukraine conflict and potential sanctions on Russian oil
exports.North America: U.S
refiners.Market AnalysisSupply and Demand: OPEC+ plans to increase production in April, but this decision may be reversed if the market
Global demand growth has been slow, partly due to the rise of electric vehicles.Geopolitical Factors: The Russia-Ukraine conflict and
tensions between Iran and Israel continue to pose risks to global oil supply
recession and the impact of tariffs on global economic growth are weighing on oil prices.Quotes from Market MakersDaniel Hynes, ANZ:
AnalysisWTI Crude: The Relative Strength Index is around 52, indicating neutral market conditions
Immediate resistance is at $67.50, while support is at $66.00.ETF Inflows and OutflowsThere has been a reduction in net long positions by
oil traders over the past six weeks, reflecting bearish sentiment.VolumesTrading volumes have been influenced by market volatility, with
significant fluctuations in recent days.ConclusionThe oil market remains volatile, driven by geopolitical tensions, economic uncertainties,
As market makers navigate these complexities, prices are likely to continue fluctuating in response to global events and policy
changes.Future OutlookPrice Projections: Brent futures are projected to average around $74.50 per barrel this year, with potential decreases
in the future.Supply Adjustments: OPEC+ will maintain flexibility in supply decisions based on market conditions.Geopolitical Risks:
Continued tensions in the Middle East and between Russia and Ukraine will remain significant factors influencing oil prices.
