Oil - Overview as of 27.01.2025

Financial and commodity markets analytics


Oil prices declined on Monday after U.S. President Donald Trump renewed his call for OPEC to lower the cost of oil. This came amid amid the announcement in his first week in office of measures to increase oil and gas production in the United States. of oil and gas in the US. In addition, the price is under pressure from a strengthened dollar. This week, the markets will be watching the decision on the key rate and subsequent comments from the US Federal Reserve. Technically, the quotes have entered the range of $73-75, which we wrote about earlier. В in case of overcoming this zone, the next support can be found in the $69-71 range.