Oil - Overview as of 26.02.2025

Financial and commodity markets analytics


Buyers' activity, which appeared at $70 did not have a significant impact on the market. influence on the market. After the formation of corrective movement, quotations continued to decline. Oil prices fell to the minimum of the current year amid concerns about the demand caused by the possible introduction of new U.S. tariffs for oil. on demand caused by the possible introduction of new U.S. tariffs for Canada and Mexico. Now the potential support for the market may arise in the previously described zone below the $68 price level. The release of data on U.S. crude oil inventories crude oil inventories in the U.S., scheduled for Wednesday, may additionally affect the volatility of quotations during the day.