{"id":17961,"date":"2025-03-10T05:50:44","date_gmt":"2025-03-10T05:50:44","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=17961"},"modified":"2025-03-10T05:50:44","modified_gmt":"2025-03-10T05:50:44","slug":"cl-oil-falls-for-7th-week-on-tariff-and-supply-concerns","status":"publish","type":"post","link":"https:\/\/www.global-vtrader.com\/en\/analysis\/cl-oil-falls-for-7th-week-on-tariff-and-supply-concerns\/","title":{"rendered":"CL-OIL Falls for 7th Week on Tariff and Supply Concerns"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/download-4-1024x559.png\" alt=\"\" class=\"wp-image-17962\" srcset=\"https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/download-4-1024x559.png 1024w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/download-4-300x164.png 300w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/download-4-768x419.png 768w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/download-4-500x273.png 500w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/download-4-400x218.png 400w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/download-4-350x191.png 350w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/download-4-200x109.png 200w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/download-4.png 1408w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>CL-OIL (WTI Crude) <strong>declined for the seventh straight week<\/strong>, its longest streak since November 2023.<\/li>\n\n\n\n<li>Prices <strong>briefly rallied to $68.20<\/strong> on Friday amid Trump&#8217;s sanctions threat on Russia.<\/li>\n\n\n\n<li>Saudi Aramco <strong>reduced Asian crude prices<\/strong> for the first time in three months, adding supply concerns.<\/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\">CL-OIL Declines Amid Economic and Supply Worries<\/h2>\n\n\n\n<p>CL-OIL (WTI crude) slipped to $66.53 per barrel early Monday, continuing its downward pressure amid persistent concerns over US-imposed tariffs potentially curbing global fuel demand and economic growth.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"454\" src=\"https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/10.3_2-1024x454.jpg\" alt=\"\" class=\"wp-image-17965\" srcset=\"https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/10.3_2-1024x454.jpg 1024w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/10.3_2-300x133.jpg 300w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/10.3_2-768x341.jpg 768w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/10.3_2-1536x682.jpg 1536w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/10.3_2-2048x909.jpg 2048w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/10.3_2-500x222.jpg 500w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/10.3_2-400x178.jpg 400w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/10.3_2-350x155.jpg 350w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/10.3_2-200x89.jpg 200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: Crude oil prices face bearish pressure, testing support around $66.50 amid negative momentum, as seen on the\u00a0<a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WAhttps:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WAhttps:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WAhttps:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a>.<\/em><\/p>\n\n\n\n<p>WTI Crude Oil (CL-OIL) declined by <strong>0.79<\/strong>%, opening at $<strong>67.057 <\/strong>and closing at $<strong>66.395<\/strong>. Prices saw volatility, touching a high of $<strong>68.120 <\/strong>and dipping to a low of $<strong>66.500<\/strong>, indicating increased bearish pressure.<\/p>\n\n\n\n<p>The moving averages (5, 10, 30) show mixed signals, with short-term averages crossing below the longer-term average, highlighting bearish momentum. The MACD (12,26,9) histogram remains negative but is trending toward neutral, suggesting weakening bearish pressure.<\/p>\n\n\n\n<p>Immediate support is at $<strong>65.58<\/strong>, and resistance is at $<strong>68.20<\/strong>. A recovery above resistance might trigger further gains, while a break below support could extend the downside.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Geopolitical and Supply Factors Add Volatility<\/h2>\n\n\n\n<p>Prices saw a short-lived recovery on Friday, peaking at $<strong>68.20 <\/strong>after US President Donald Trump threatened <a href=\"https:\/\/www.msn.com\/en-us\/news\/world\/trump-threatens-russia-with-sanctions-keeps-pause-on-aid-to-ukraine-in-push-to-settle-war\/ar-AA1AsJnl?ocid=BingNewsSerp\" title=\"\">increased sanctions on Russia<\/a> if it failed to secure peace with Ukraine. Traders remain cautious, however, as potential easing of sanctions on Russian energy remains a possibility.<\/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\">Saudi Arabia cuts oil prices to Asia for first time in three months <a href=\"https:\/\/t.co\/e9qvKbP4X6\">https:\/\/t.co\/e9qvKbP4X6<\/a> <a href=\"https:\/\/t.co\/skmGPVzuTb\">pic.twitter.com\/skmGPVzuTb<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1897983101164310855?ref_src=twsrc%5Etfw\">March 7, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Meanwhile, OPEC+ maintained its <a href=\"https:\/\/www.msn.com\/en-us\/money\/economy\/opec-confirms-april-oil-output-increase-following-us-pressure-to-lower-prices\/ar-AA1AeNFz?ocid=BingNewsSerp\" title=\"\">planned production increase<\/a> from April, while <a href=\"https:\/\/www.reuters.com\/business\/energy\/saudi-arabia-cuts-oil-prices-asia-first-time-three-months-2025-03-07\/\" title=\"\">Saudi Aramco cut crude prices<\/a> for Asian markets, reinforcing worries over ample supply and dampening market sentiment further.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Market Outlook<\/h2>\n\n\n\n<p>Traders should remain alert to developments surrounding US trade policy and geopolitical tensions involving Russia, as these remain key drivers of CL-OIL price action. Support remains around the $<strong>65.50<\/strong>\u2013$<strong>66.00 <\/strong>region, with upside resistance likely near Friday\u2019s high of $<strong>68.20<\/strong>.<\/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","protected":false},"excerpt":{"rendered":"<p>CL-OIL falls for the 7th consecutive week to $66.53, pressured by tariff uncertainty, OPEC+ production increases, and Saudi price cuts. -vtmarkets.com<\/p>\n","protected":false},"author":2,"featured_media":17962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27],"tags":[34],"class_list":["post-17961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-oil"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/17961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/comments?post=17961"}],"version-history":[{"count":0,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/17961\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/media\/17962"}],"wp:attachment":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/media?parent=17961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/categories?post=17961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/tags?post=17961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}