Commercial volumes can be lower than usual in Monday’s session, and some countries observe vacations to mark Easter. | Photo credit: Nick Oxford
The oil retired when merchants worried about the impact of the war led by the United States against energy demand, while monitoring conversations between Washington and Tehran about the nuclear program of the Islamic Republic.
Brent fell up to 2 percent to less than $ 67 per barrel, while west Texas Intermediate was about $ 63. The data that show how the commercial policies of President Donald Trump are affecting the global economy could provide a new evidence of a deceleration, including a revised perspective of the International Monetary Fund.
Iran’s Foreign Minister said his country had a “better understanding” with the United States in a variety of principles after the conversations on Saturday about Tehran’s nuclear program. The discussions, which lasted more than three hours, will resume Wednesday in Oman and will have the potential to affect Iranian crude supplies.
“Everything is flashing, from Macro, to the foundations and to geopolitics,” said Gao Jian, an analyst at Qisheng Futures Co. “cares about an economic recession remains the central risk.”
Petroleum has declined sharply this month, playing a minimum of four years at one point, driven by the fears of investors that the avalanche of tariffs and counter-life between the United States and its largest commercial partners, including China, SAP Crude Crude. The fall has been aggravated by an OPEC+ decision to recover production at a faster rate than expected, reviving Conerns about an excess.
“The nuclear conversations between the United States and Iran seem to be progressing relatively well, helping to relieve a fairly large risk of supply about the oil market,” said Warren Patterson, head of comfort -based comforts in Singapore in ING GROEP NV. “They are still the first days, but the fact that more conversations are planned suggests that at least we go in the right direction.”
Commercial volumes can be lower than usual in Monday’s session, and some countries observe vacations to mark Easter. At the same time, the price of Account, a bearish pattern, has returned to parts of the futures curve, with some hiring operations dated date above the closest.
Meanwhile, in Ukraine, President Volodyymyr Zelenskiy accused Kremlin’s forces of violating a Easter Sunday declared by Russian President Vladimir Putin. The United States previously proposes a possible flexibility of sanctions against Russia in the case of a durable fire.
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Posted on April 21, 2025