Oil prices keep the market removal of the development of the trade war

Oil prices stabilized with the anticipation of traders of the latest US movements in the trade war, and the possibilities to alleviate the restrictions imposed on Iranian crude exports. The ‘West Texas’ crude oil recorded a minor change when it settled, to stay close to the $ 61.50 per barrel level, while Brent ruol maintained its stability below $ 65. It came while the shares recovered after US President Donald Trump announced the suspension of customs duties on some electronic products, but new data showed that consumers in the US expected to increase inflation in the next year, which printed on the oil futures. The United States and Iran also held discussions on the core file on Saturday, which described the two parties as ‘constructive’, which reinforces the possibilities of returning additional amounts of rough from the Member State of the ‘Organization of Petroleum Exporting Countries’ (OPEC). The weekends in the Sultanate of Oman form the first high level of communication since 2022, citing a renewed attempt to solve the crisis of the Iranian nuclear program that has been underway for years. The two parties agreed to hold a new meeting. ‘OPEC’ reduces its expectations for demanding demand for demand, clients have a volatile and rapid change. OPEC reduced its expectations for annual consumption growth by about 100,000 barrels per day, after more reduction by the US Energy Information Administration. Other banks have also lowered their expectations for oil prices, as JP Morgan Chase believes that Brent Ru price is $ 66 this year. Oil is under pressure during April, with the fear of global economic stagnation caused by the trade war, especially between America and China, which would weaken the demand for energy. The “OPEC+” decision on the reproduction is also increased faster than expected to fall. The analysts of ‘Goldman Sachs Group’, including Dan Stroevin, wrote in a memo that the market ‘has already prepared some future stock increases, but we expect big surpluses’ and appreciate a surplus of 800,000 barrels per day. They expected the average price of “Brent” to reach about $ 63 during the rest of the year 2025. The reaction of global markets this month is part of an intense global response to the development of the trade war, as most of the goods and stocks have seen sales. The withdrawal of investors from the crude and fuel market led to net flow of two billion dollars during the week ended April 11, according to a note from Triss Allen, an analyst at JP Morgan Chase. The US dollar and treasury bonds, which are one of the assets that are a safe haven in tension, have seen unusual declines, adding a new dimension to the current state of volatility in global financial markets.