WTI crude oil may stay below $60 in H2-CY2025 on Trump tariff woes: Analyst

Quick Summary:

Oil prices: The 90-day relief on reciprocal tariffs could see crude oil prices edging a bit higher towards $65.

This marks an increase compared to March 2024 -11.55 million barrels per day and the January-February 2025 period -10.38 million barrels per day.

The 90-day relief on reciprocal tariffs could see crude oil prices edging a bit higher towards $65.

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Category: BusinessFinance

Markets: IndiaChinaIraqNigerNigeria

Topics: Business standard Crude oil outlook Trump tariff news China economy outlook Brent crude outlook China economy Oil demand Opec Oil prices Wti oil Brent crude price Opec production Trump tariffs Wti price Crude oil Trump tariff china Oil price Oil prices today Opec oil demand forecast

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-15 @ 12:13:39 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 634 words

Reading Time: 4 minutes read

Sentences: 23 lines

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Copyright Owner: © Business Standard

News ID: 27908877

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