Oil - Overview as of 11.02.2025

Financial and commodity markets analytics


Oil prices posted gains despite concerns over the new tariffs. of new tariffs. Earlier the market was under pressure due to fears of a global trade war. global trade war, but investors have begun to adapt to the new conditions, expecting similar trends to continue in the future. conditions, expecting similar trends to continue in the future. Additional additional factors influencing the price growth were the U.S. sanctions against the Russian oil sector and new restrictions on the Russian oil market. oil sector and new restrictions on Iran. Technically, the growth of quotations originates from the local support zone, located between $70 and $71, which we wrote about earlier. However, it is too early to talk about breaking the downward trend. it is too early to talk about breaking the downward trend.