Your current location is:FTI News > Exchange Traders
Oil price fluctuations, OPEC+ meeting becomes the focus
FTI News2025-07-29 14:44:49【Exchange Traders】1People have watched
IntroductionWorld Forex official website,Foreign Exchange Custody Dealer Platform,As the Organization of the Petroleum Exporting Countries and its allies (OPEC+) are about to hold a
As the Organization of the Petroleum Exporting Countries and World Forex official websiteits allies (OPEC+) are about to hold a key production meeting, international oil prices have recently entered a narrow fluctuation range, with trading sentiment turning cautious. Investors are closely watching the potential easing of US-European trade relations while assessing the chain reaction of geopolitical changes in major economies on the outlook for energy demand.
Due to the closure of the London Stock Exchange and New York Mercantile Exchange for the holiday, global crude oil market trading was noticeably light on Monday, May 27th. On that day, the main contract of US crude oil futures fluctuated around $61 per barrel, ultimately closing slightly higher; the international benchmark Brent crude futures were under pressure below $65, continuing a sideways consolidation pattern.
Last week, US President Trump issued harsh criticism of EU trade policy, briefly intensifying trade tensions, but the EU quickly sent a goodwill signal, stating that it would accelerate negotiations with the US. This move provided some support to the oil market sentiment, but overall uncertainty remains high.
Since mid-January this year, international oil prices have cumulatively corrected by more than 10%. The main factors exerting pressure include: on one hand, the US government raising tariffs on multiple countries leading to intensified global trade frictions, with major economies like China taking countermeasures, and the market being generally pessimistic about the energy demand outlook; on the other hand, OPEC+ member countries gradually exiting voluntary production cut agreements, the ongoing trend of increased production coupled with weak demand expectations, causing oil prices to be under pressure.
According to informed sources, the OPEC+ joint ministerial monitoring committee (JMMC) meeting originally scheduled for June 1 has been moved up to May 31. The meeting will focus on the production quota distribution for core member countries such as Saudi Arabia and Russia in July. It is reported that the OPEC+ technical committee has started preliminary discussions on the issue of increasing production for the third consecutive month, but no consensus has yet been reached on the specific increase.
The market is currently in a sensitive phase with a mix of bullish and bearish factors. On one hand, the ongoing escalation of trade frictions could hinder global economic growth, thereby suppressing oil consumption; on the other hand, if OPEC+ signals cautious production increases or stabilizes production at the meeting, it might provide support for oil prices to establish a bottom.
Analysts point out that the market urgently needs clear policy cues from OPEC+ and major consumer countries to assess the evolution path of the global oil supply and demand pattern in the second half of the year. The coming days will become a crucial window period for choosing the direction of oil prices.
Risk Warning and DisclaimerThe market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
Very good!(1)
Related articles
- Is Maxus Global Market a scam broker?
- Gold prices have retreated, but Citibank predicts they will reach $3,000 within three months.
- CBOT grain futures fall across the board as tariffs and supply pressures heighten market pessimism.
- Gold has become the safe haven of choice in the trade war.
- XPro Markets Broker Review:Regulated
- The grain futures market fluctuates due to tariff policies and tight supply.
- Gold is supported by safe
- The U.S. sanctions Iran's shadow fleet, leading to a slight rise in oil prices.
- Is Forex rebate policy good or not?Here are the pros and cons of the foreign exchange rebate policy.
- Gold rebounds as market risk aversion intensifies.
Popular Articles
Webmaster recommended
Market Insights: Dec 8th, 2023
Oil prices hit a one
Powell: No Rate Cut Soon, Gold Plummets
Record Outflow of Gold from London, Inflow to New York!
8/29 Industry Update: Belgium's FSMA warns against three new fraudulent investment platforms.
Oil prices rise due to supply disruptions, but Ukraine war talks limit the increase.
Tariff pressures on energy imports may cause U.S. oil prices to rise.
Gold Focus: Core CPI Slowdown Lifts Prices, Treasury Yields Plunge.