{"id":18260,"date":"2025-03-13T02:47:55","date_gmt":"2025-03-13T02:47:55","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=18260"},"modified":"2025-03-13T02:47:55","modified_gmt":"2025-03-13T02:47:55","slug":"oil-dips-strong-demand-cushions-losses","status":"publish","type":"post","link":"https:\/\/www.global-vtrader.com\/en\/analysis\/oil-dips-strong-demand-cushions-losses\/","title":{"rendered":"Oil Dips, Strong Demand Cushions Losses"},"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\/image_fx_-2025-03-13T104108.293-1024x559.png\" alt=\"\" class=\"wp-image-18263\" srcset=\"https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-13T104108.293-1024x559.png 1024w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-13T104108.293-300x164.png 300w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-13T104108.293-768x419.png 768w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-13T104108.293-500x273.png 500w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-13T104108.293-400x218.png 400w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-13T104108.293-350x191.png 350w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-13T104108.293-200x109.png 200w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-13T104108.293.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><strong>WTI crude futures closed at $67.533<\/strong> after reaching a session high of <strong>$67.773<\/strong> and a low of <strong>$67.473<\/strong>.<\/li>\n\n\n\n<li><strong>U.S. gasoline inventories fell by 5.7 million barrels<\/strong>, boosting demand expectations despite economic slowdown concerns.<\/li>\n\n\n\n<li><strong>Tariff uncertainty and OPEC+ output increases<\/strong> add to market volatility, keeping traders cautious.<\/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\">Oil Prices Dip as Tariff Concerns Weigh on Market Sentiment<\/h2>\n\n\n\n<p>Oil prices edged lower on <strong>Thursday<\/strong>, retracing some of the previous session\u2019s gains as <strong>traders weighed intensifying tariff disputes against expectations for stronger seasonal demand<\/strong>.<\/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\">The mood at Houston\u2019s annual oil and gas get-together has been upbeat on the prospects for the industry under a fossil fuel-friendly Trump. But some of the biggest oil traders are getting more bearish on the outlook for crude prices <a href=\"https:\/\/t.co\/YdEwOFFaDO\">https:\/\/t.co\/YdEwOFFaDO<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1899845818259062964?ref_src=twsrc%5Etfw\">March 12, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p><strong>WTI crude futures closed at $67.533<\/strong>, down <strong>0.17%<\/strong>, after hitting a session high of <strong>$67.773<\/strong>. Brent crude followed a similar pattern, retreating <strong>0.1% to $70.88<\/strong> per barrel.<\/p>\n\n\n\n<p>The pullback comes after a <strong>2% rally on Wednesday<\/strong>, which was fueled by <strong>tighter-than-expected U.S. oil and fuel inventories<\/strong>. The <strong><a href=\"https:\/\/www.reuters.com\/business\/energy\/oil-eases-concerns-about-escalating-tariff-wars-impact-global-economy-2025-03-13\/#:~:text=U.S.%20gasoline%20inventories%20fell%20by,their%20highest%20level%20since%202022.\">Energy Information Administration (EIA)<\/a><\/strong> reported that <strong>U.S. gasoline inventories fell by 5.7 million barrels<\/strong>, exceeding analysts\u2019 forecasts of a <strong>1.9 million-barrel draw<\/strong>. Meanwhile, <strong><a href=\"https:\/\/www.businesstimes.com.sg\/companies-markets\/energy-commodities\/oil-2-tighter-us-supplies-tariff-concerns-loom\">U.S. crude stockpiles rose by 1.4 million barrels<\/a><\/strong>, a smaller-than-expected build that signaled resilient demand.<\/p>\n\n\n\n<p>Despite the dip in oil prices, <strong>concerns about the global economy and trade tensions<\/strong> remain dominant factors. <strong>U.S. President Donald Trump\u2019s <\/strong><strong><a href=\"https:\/\/t.co\/JwmwgfMuGP\">latest tariff threats<\/a><\/strong><strong> on European Union goods<\/strong>, coupled with Canada and Mexico preparing retaliatory measures, have heightened uncertainty. <strong>Traders fear that escalating trade disputes could slow global growth, ultimately weighing on energy demand<\/strong>.<\/p>\n\n\n\n<p>At the same time, the market is monitoring <strong><a href=\"https:\/\/t.co\/17FxAXhdxt\">OPEC+ production levels.<\/a><\/strong> The latest report from the group showed that <strong>total output rose by 363,000 barrels per day in February<\/strong>, driven primarily by <strong><a href=\"https:\/\/t.co\/YhmhTcNaom\">Kazakhstan\u2019s increased production<\/a><\/strong>. While OPEC <strong>maintained its global demand growth forecast for 2025<\/strong>, the market remains wary of potential supply-side pressures.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>The <strong>CL-OIL (Crude Oil) price is trading around $67.53<\/strong>, reflecting a <strong>-0.17% decline<\/strong> on the session. The price peaked at <strong>$67.77<\/strong> before facing resistance at <strong>$67.86<\/strong>, leading to some consolidation. The <strong>moving averages (5, 10, 30) indicate an uptrend<\/strong>, though signs of exhaustion are emerging. The <strong>MACD remains positive<\/strong>, but a slight downturn in momentum suggests potential retracement if buyers fail to push through resistance.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"443\" src=\"https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-11-1024x443.jpeg\" alt=\"\" class=\"wp-image-18261\" srcset=\"https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-11-1024x443.jpeg 1024w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-11-300x130.jpeg 300w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-11-768x332.jpeg 768w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-11-500x216.jpeg 500w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-11-400x173.jpeg 400w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-11-350x151.jpeg 350w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-11-200x86.jpeg 200w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-11.jpeg 1080w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: Crude oil stalls at resistance near $67.86, consolidation ahead, as seen on the <\/em><em><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>If bullish momentum resumes, a break above <strong>$67.86<\/strong> could open the door toward <strong>$68.20<\/strong>. However, if oil retraces, support is seen at <strong>$67.00<\/strong>, with further downside risk toward <strong>$66.50<\/strong>. <strong>Traders should watch for inventory data, OPEC+ decisions, and global demand trends<\/strong> to gauge the next significant move.<\/p>\n\n\n\n<p>Short-term <strong>oil prices could remain volatile<\/strong>, with <strong>tariff policy shifts and economic data releases acting as key drivers<\/strong>. <strong>The sharp decline in U.S. gasoline inventories suggests stronger seasonal demand, which could limit further losses.<\/strong> However, <strong>any escalation in trade tensions or additional supply increases from OPEC+ could cap upside momentum.<\/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> and <\/strong><strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a><\/strong><strong> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices dip as tariff fears weigh on market sentiment, but strong U.S. gasoline demand and OPEC+ supply shifts limit losses. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":2,"featured_media":18263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27],"tags":[34],"class_list":["post-18260","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\/18260","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=18260"}],"version-history":[{"count":0,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/18260\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/media\/18263"}],"wp:attachment":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/media?parent=18260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/categories?post=18260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/tags?post=18260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}