1. The ceasefire negotiations between Russia and Ukraine: the expectation of increased supply suppresses oil prices
The US delegation held talks with Russian officials on Monday to promote a ceasefire in the Black Sea and a broader ceasefire agreement in the Ukrainian war. This progress in the negotiations may pave the way for Russian oil to return to the global market, thereby increasing supply and suppressing oil prices. The positive progress in the Russian-Ukrainian peace talks and the expectation that the United States may relax sanctions on Russian oil are the main reasons for the decline in oil prices. However, investors are cautious about the uncertainty of OPEC+'s future production policy, limiting the decline in oil prices.
2. OPEC+ production cut plan: the "stabilizing force" supporting oil prices
Although the Russian-Ukrainian ceasefire negotiations have brought expectations of increased supply, OPEC+'s production cut plan has provided important support for oil prices. OPEC+ released a new plan on Thursday, requiring seven member countries to further cut oil production to make up for the production that exceeds the agreed level. This move will exceed OPEC+'s monthly production increase plan originally scheduled for April.
3. US sanctions on Iran: short-term disturbances and long-term impacts
Market participants are also watching the impact of new US sanctions on Iran. After the US imposed sanctions on a refinery and several tankers, Iran's oil shipments to China may decline in the short term, pushing up transportation costs. However, traders expect buyers to find workarounds to at least maintain a certain amount of transportation, which weakens the long-term impact of sanctions on oil prices.
At present, oil prices are fluctuating between expectations of increased supply brought about by the ceasefire negotiations between Russia and Ukraine and the support of OPEC+'s production cuts. In the short term, market sentiment may continue to be affected by geopolitical events and OPEC+ policies. In the future, investors need to pay close attention to the progress of the Russia-Ukraine negotiations, OPEC+'s production policy, and the subsequent impact of US sanctions on Iran to seize the opportunity of oil price fluctuations.
USOIL USOIL USOIL
The US delegation held talks with Russian officials on Monday to promote a ceasefire in the Black Sea and a broader ceasefire agreement in the Ukrainian war. This progress in the negotiations may pave the way for Russian oil to return to the global market, thereby increasing supply and suppressing oil prices. The positive progress in the Russian-Ukrainian peace talks and the expectation that the United States may relax sanctions on Russian oil are the main reasons for the decline in oil prices. However, investors are cautious about the uncertainty of OPEC+'s future production policy, limiting the decline in oil prices.
2. OPEC+ production cut plan: the "stabilizing force" supporting oil prices
Although the Russian-Ukrainian ceasefire negotiations have brought expectations of increased supply, OPEC+'s production cut plan has provided important support for oil prices. OPEC+ released a new plan on Thursday, requiring seven member countries to further cut oil production to make up for the production that exceeds the agreed level. This move will exceed OPEC+'s monthly production increase plan originally scheduled for April.
3. US sanctions on Iran: short-term disturbances and long-term impacts
Market participants are also watching the impact of new US sanctions on Iran. After the US imposed sanctions on a refinery and several tankers, Iran's oil shipments to China may decline in the short term, pushing up transportation costs. However, traders expect buyers to find workarounds to at least maintain a certain amount of transportation, which weakens the long-term impact of sanctions on oil prices.
At present, oil prices are fluctuating between expectations of increased supply brought about by the ceasefire negotiations between Russia and Ukraine and the support of OPEC+'s production cuts. In the short term, market sentiment may continue to be affected by geopolitical events and OPEC+ policies. In the future, investors need to pay close attention to the progress of the Russia-Ukraine negotiations, OPEC+'s production policy, and the subsequent impact of US sanctions on Iran to seize the opportunity of oil price fluctuations.
USOIL USOIL USOIL Note
If you haven't made a good transaction yet, you can follow Baker Bitcoin Gold Trading Center for real-time and accurate signals every day or leave me a message.
✔Copy accurate trading signals✔Manage accounts🎁Stable profit of more than 188.6% per week🎁Success rate is as high as 97.85%, real-time communication: @cryptoanalyst_baker Signal entry: t.me/FcCygjylf
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✔Copy accurate trading signals✔Manage accounts🎁Stable profit of more than 188.6% per week🎁Success rate is as high as 97.85%, real-time communication: @cryptoanalyst_baker Signal entry: t.me/FcCygjylf
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.