您现在的位置是:Fxscam News > Foreign News
Oil prices fell by more than $1 as global recession concerns intensified.
Fxscam News2025-07-21 02:08:48【Foreign News】0人已围观
简介Features of Forex brokers,NetEase star card,On Tuesday, oil prices fell sharply by more than $1, with Brent crude futures hitting their lowest l
On Tuesday,Features of Forex brokers oil prices fell sharply by more than $1, with Brent crude futures hitting their lowest level in four years. The intensifying global trade conflict has heightened market concerns over an economic recession, overshadowing the optimistic effects of a stock market rebound.
Brent crude futures fell 2.16%, settling at $62.82 per barrel, while US crude futures dropped 1.85%, settling at $59.58 per barrel. Brent futures fell more than $2 during the session, indicating market concerns about future demand.
The uncertainty of the global economic outlook has become the dominant market factor. Trade disputes and tariff increases have raised concerns about a global economic recession, with investors beginning to worry that energy demand may decline further.
According to Goldman Sachs' forecasts, considering different economic scenarios, Brent and US crude prices may fall to $62 and $58 per barrel respectively by December 2025, with prices a year later possibly at $55 and $51 per barrel.
Additionally, on Monday, President Trump announced that the US and Iran would engage in direct talks regarding Tehran's nuclear program, but Iran's foreign minister stated that the negotiations would be indirect, further increasing market uncertainty.
Meanwhile, preliminary surveys indicate that US crude and distillate inventories were expected to increase by approximately 1.6 million barrels last week, further indicating market expectations of weak demand. The American Petroleum Institute (API) and the Energy Information Administration (EIA) are set to release the latest inventory data later and on Wednesday, which are anticipated to further influence market expectations for future 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.
很赞哦!(28727)
相关文章
- Dollar strength and supply pressures weigh on corn, wheat, soybeans; focus on global purchases.
- China's demand could pose a threat to crude oil bulls.
- Trump confirms tariff hike plan to proceed as scheduled.
- The Night Before the Pound's Turmoil: Bailey Admits Weakness in the UK Labor Market
- Yen falls, dollar under pressure, market eyes central banks and Ukraine talks.
- The Bank of Korea has lowered the interest rate to 2.75%, but the economic outlook remains grim.
- What is the Price Variation Margin? How is the Price Variation Margin calculated?
- Euro surge sparks short squeeze as Goldman and Morgan Stanley turn bearish on the dollar
- The US dollar devaluation hits a 50
- The British bond market collapses, pound plunges amid fears of a repeat of the “Truss moment”
热门文章
站长推荐
The US dollar devaluation hits a 50
The continuously growing hydrogen economy is beneficial to the outlook for platinum.
The US Dollar Index surged by 1.03% as trade agreements bolstered confidence.
Trump once again calls for a "100 basis points rate cut"
Citibank sees a rebound in oil prices, signaling a buying opportunity.
Eurozone faces twin deficits as EU
Trump imposes a 25% tariff on the EU, escalating trade tensions.
China and India Propel Asian Crude Oil Imports to Record Highs