{"id":20736,"date":"2025-04-14T03:20:10","date_gmt":"2025-04-14T03:20:10","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=20736"},"modified":"2025-04-14T03:20:10","modified_gmt":"2025-04-14T03:20:10","slug":"crude-oil-pressured-by-trade-tension-and-supply-concerns","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/crude-oil-pressured-by-trade-tension-and-supply-concerns\/","title":{"rendered":"Crude Oil Pressured by Trade Tension and Supply Concerns"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2025\/02\/oil9-1024x559.png\" alt=\"\" class=\"wp-image-17020\" \/><\/figure>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>WTI crude oil<\/strong> drops to <strong>$61.26 per barrel<\/strong>, down <strong>0.62<\/strong>% from the previous day.<\/li>\n\n\n\n<li><strong>OPEC+<\/strong> output increase and ongoing <strong>U.S.-China trade tensions<\/strong> weigh on prices.<\/li>\n\n\n\n<li><strong>WTI crude<\/strong> hits a high of <b>$6<\/b><strong>2.14 but<\/strong> closes at <strong>$61.26<\/strong> as <strong>trade war uncertainties<\/strong> and rising supply pressures persist.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">WTI Crude Oil Price Movements Amid Geopolitical and Supply Concerns<\/h2>\n\n\n\n<p><strong>WTI crude oil<\/strong> prices have been under pressure, dropping to <strong>$61.26 per barrel<\/strong> after reaching a high of <strong>$62.14<\/strong> during the session. The latest dip comes as traders continue to monitor developments in the <strong><a href=\"https:\/\/www.msn.com\/en-us\/money\/markets\/how-trump-s-trade-war-with-china-will-hurt-the-american-farmers-who-voted-him-in\/ar-AA1CPczJ?ocid=BingNewsSerp\">U.S.-China trade war<\/a><\/strong>, which has cast a shadow over global demand expectations. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">China increased its tariffs on US imports to 125%, hitting back against President Donald Trump&#39;s decision to raise duties on goods from the world\u2019s second-largest economy <a href=\"https:\/\/t.co\/rBwr8Egl9U\">https:\/\/t.co\/rBwr8Egl9U<\/a> <a href=\"https:\/\/t.co\/6gAXXoWsrQ\">pic.twitter.com\/6gAXXoWsrQ<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1911098235411718595?ref_src=twsrc%5Etfw\">April 12, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The <a href=\"https:\/\/www.bing.com\/search?q=OPEC+INCREASDE+OUTPUT&amp;cvid=0d178d6aa4224a62aa474560910456ac&amp;gs_lcrp=EgRlZGdlKgYIABBFGDkyBggAEEUYOTIICAEQ6QcY_FXSAQgzMDkxajBqNKgCALACAA&amp;FORM=ANAB01&amp;PC=DCTS\">increase in <strong>OPEC+ output<\/strong> and concerns over a potential <strong>supply glut<\/strong><\/a> have also added to the market\u2019s bearish outlook. Despite this drop, <strong>WTI crude<\/strong> showed resilience, recovering slightly from a low of <strong>$58.76<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Outlook<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"450\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/14.4_1-1024x450.jpg\" alt=\"\" class=\"wp-image-20737\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: CL-OIL retraces to 61.255, testing key support levels after a minor pullback,\u00a0as seen on the\u00a0<a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a>.<\/em><\/p>\n\n\n\n<p><strong>Crude Oil (CL-OIL) decreased by 0.62%, closing at 61.255 after opening at 61.635.<\/strong> The pair saw a decline, reaching a low of 61.075 before closing near 61.255.<\/p>\n\n\n\n<p>The moving averages (MA 5,10,30) indicate a bearish sentiment, with the shorter-term moving averages crossing below the longer-term ones. This signals a possible continuation of the downward movement. The MACD (12,26,9) further supports this trend, as the MACD line (blue) is below the signal line (yellow), and the histogram remains in negative territory.<\/p>\n\n\n\n<p>Key levels to monitor include <strong>62.135 <\/strong>as immediate resistance and <strong>58.76 <\/strong>as support. A break above resistance could indicate a potential trend reversal, while a move below support might signal further declines.<\/p>\n\n\n\n<p>The outlook for <strong>WTI crude oil<\/strong> remains uncertain as both geopolitical tensions and supply concerns continue to drive market volatility. With <strong>trade tensions<\/strong> showing no sign of resolution and <strong>OPEC+<\/strong> output increases on the horizon, oil prices may struggle to recover. Traders will need to watch for any new developments in trade talks and OPEC+ announcements to gauge the future direction of prices.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a><\/strong><strong>&nbsp;and&nbsp;<\/strong><strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a><\/strong><strong>&nbsp;now.<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.vtmarkets.com\/#facebook\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.vtmarkets.com\/#facebook\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WTI crude oil drops to $61.26 as U.S.-China trade tensions and OPEC+ supply increases pressure the market. -vtrmarkets.com<\/p>\n","protected":false},"author":66,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[66],"class_list":["post-20736","post","type-post","status-publish","format-standard","hentry","category-analysis","tag-oil"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/20736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=20736"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/20736\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=20736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=20736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=20736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}