Analysts: A weaker dollar and an optimistic outlook for trade talks drove oil prices higher

On April 16, crude oil futures continued to rise, encouraged by the weakness of the dollar and the prospect of U.S. tariff negotiations. Naga.com Middle East analyst George Pavel said in a note that macroeconomic headwinds could limit the recovery in prices, despite optimism about a potential tariff cut, while an increase in U.S. crude inventories suggests ample supply. Without stronger support from the broader market environment, crude oil prices are likely to remain near the lows.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)