{"id":105442,"date":"2025-03-14T09:04:02","date_gmt":"2025-03-14T07:04:02","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=105442"},"modified":"2025-03-14T09:04:02","modified_gmt":"2025-03-14T07:04:02","slug":"oil-outlook-prices-rebound-but-bearish-risks-remain","status":"publish","type":"post","link":"https:\/\/www.ironfx-id.com\/ko\/oil-outlook-prices-rebound-but-bearish-risks-remain\/","title":{"rendered":"Oil Outlook: Prices rebound, but bearish risks remain"},"content":{"rendered":"

Since our last report<\/a> ,oil prices seem to have corrected a bit higher over the past two days and today we are to discuss the main issues that seem to be tantalising traders currently and conclude the report with a technical analysis of WTI\u2019s daily chart. \u00a0\u00a0<\/p>\n\n\n\n

The US oil market remains loose<\/strong><\/h2>\n\n\n\n

The US oil market data suggest relative slack, as the halt in the rise of active US rigs indicates some hesitation in demand.<\/p>\n\n\n\n

All indicators tend to align in pointing out that aggregated demand in the US oil market was not able to catch up with production levels. Should such signals intensify in the coming week, we may see them having a bearish effect on oil prices.<\/p>\n\n\n\n

US Trade wars clip oil demand outlook<\/strong> <\/strong><\/h2>\n\n\n\n

It seems that the US-led trade wars are about to clip the international demand outlook. At least that\u2019s what the International Energy Agency (IEA) is saying in its Oil Market Report<\/a> for March 2025. IEA also seems pessimistic for oil demand stemming from China as in an article<\/a> published by the Agency, it sees Chinese demand reaching a plateau. <\/p>\n\n\n\n

Overall further signs of an easing demand side for the international oil market could continue weighing on prices. Thus we highlight the US trade wars as a key determinant of oil prices. <\/p>\n\n\n\n

We adopt the notion that the trade wars could decrease economic activity and thus ease oil demand. Signs of rising trade tensions or slowing global growth could pressure black gold\u2019s price fundamentally.<\/p>\n\n\n\n

OPEC+\u2019s unwinding of production cuts<\/strong><\/h2>\n\n\n\n

(OPEC\u2019s sign)<\/strong> On the flip side, OPEC+ seems to maintain its demand outlook which could be considered a positive for oil prices. Yet we also note the increased production from Kazakhstan and expect the oil cartel to start unwinding its oil production cuts. As it believes that oil demand remains steady. Further signals of increased OPEC oil production could weigh on prices by easing supply chain strain.<\/p>\n\n\n\n

Overall fundamental conclusion<\/strong><\/h2>\n\n\n\n

Overall we see the case for fundamentals to maintain their negative effect on prices in the coming week.<\/p>\n\n\n\n

Oil Technical Analysis<\/strong><\/h2>\n\n\n\n

WTI Cash Daily Chart<\/strong><\/h3>\n\n\n\n
\"Technical<\/figure>\n\n\n\n