Oil Prices Capped Below $70 – They’re in a Bit of a Low‑low.
The Big Picture: Slowdowns, Tariffs, and a Little Bit of Panic.
Crude is hovering under $70 a barrel because the world feels like it’s on a treadmill that’s started to wobble. With economies slowing and the U.S. tightening its grip on trade with big partners, the market’s anxious that the demand for oil will shrink faster than a bottle of soda after a long jog.
Stock Market Blues & Trade‑War Rumbles.
U.S. equity markets are making a “bear‑ish” show, adding pressure that knocks harder on the oil shop. Meanwhile, trade friction is throwing a pizza‑slice grenade at global stability, causing prices to jitter like a cat on a hot tin roof.
Supply Moves: OPEC+ is Ready to Change the Game.
- OPEC+ plans to boost production in April but will have the nerve to pull back if the market gets too chaotic.
- U.S. crude stockpiles are expected to rise, giving a cushion for a while.
- Distillate and gasoline inventories might fall, adding extra stress on the fuel chain.
Worrying About Demand? It’s The Hard Part.
Even if supply stays steady, if the global economy slips, the demand for oil could keep dropping. That means prices might stay in the bearish lane, closely tied to how gently—or harshly—economies and geopolitics soup up.
What to Do? Stay In the Loop.
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