INSUBCONTINENT EXCLUSIVE:
The International Energy Agency reports that oil prices rose slightly on April 11, 2025, morning
Brent Crude Oil trades at $63.665, up $0.160, a 0.25% gain.WTI Crude Oil reaches $59.77, increasing $0.131, a 0.22% rise, after hitting
A fierce US-China trade war drives this volatility, with President Trump imposing 125% tariffs on Chinese goods.China retaliates with 84%
tariffs on US products, stoking global recession fears
Goldman Sachs estimates a 45% chance of a US recession, while JPMorgan predicts a 60% likelihood.On April 10, oil markets faced a sharp
selloff, with Brent dropping $2.15 to $63.33, a 3.3% decline
WTI fell $2.28 to $60.07, down 3.7%, amid a broader market downturn.The Dow Jones plummeted 1,000 points, and the VIX volatility gauge
OPEC+ plans to boost production by 411,000 barrels per day in May, up from 135,000 barrels.Oil Prices Edge Up Amid Trade War Tensions and
(Photo Internet reproduction)This decision, alongside record US production of 13.59 million barrels per day, signals oversupply risks
March inflation missing targets and crude imports declining
Chinese policymakers meet today to discuss stimulus, as non-OECD crude stocks dropped 45.3 million barrels in January.Meanwhile, Middle
Technically, WTI trades below the Ichimoku Cloud, signaling a bearish trend with support at $58.65.Resistance looms at $62-$63, while Brent
faces gamma effects from a $12 drop since April 2
The 50-day EMA for WTI stands at $63.75, with RSI at 51
Investment flows reflect uncertainty, with the United States Oil Fund seeing $275 million in inflows, then $98.7 million in outflows.The
ProShares UltraShort Bloomberg Crude Oil ETF reports a $72.2 million outflow
Global oil markets saw $11.6 billion in net inflows by April 4
US shale struggles as prices fall below the $65 breakeven point, despite high output.Proposed tariffs on Canada and Mexico, which supply 70%
of US crude imports, threaten further disruption
barrels per day in 2025, growing 1 million barrels daily
Supply may hit 104.5 million barrels per day, led by non-OPEC+ nations
Goldman Sachs predicts Brent at $62 and WTI at $58 by December 2025.This oil market story reveals a fragile balance, with trade wars,
oversupply, and geopolitical risks driving uncertainty
