Oil prices rose by more than 1% after a recent sharp decline caused by fears that new US tariffs could reduce global demand and lead to a recession. However, relative to the decline, this rise looks more like a correction and it is too early, at least for now, to talk about a change from a rising trend. Analysts warn that further escalation in the area of tariff policy may increase pessimism in the markets and increase the risks of recession.

As well as growth, it is also too early to talk about further significant decline in quotations. To continue the downward trend, the market needs to confidently keep prices under $57-60.