{"id":18506,"date":"2025-03-17T02:44:01","date_gmt":"2025-03-17T02:44:01","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=18506"},"modified":"2025-03-17T02:44:01","modified_gmt":"2025-03-17T02:44:01","slug":"oil-hikes-with-opec-supply-jitters","status":"publish","type":"post","link":"https:\/\/www.global-vtrader.com\/en\/analysis\/oil-hikes-with-opec-supply-jitters\/","title":{"rendered":"Oil Hikes with OPEC+ Supply Jitters"},"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_-2025-03-13T104108.293-1-1024x559.png\" alt=\"\" class=\"wp-image-18508\" srcset=\"https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-13T104108.293-1-1024x559.png 1024w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-13T104108.293-1-300x164.png 300w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-13T104108.293-1-768x419.png 768w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-13T104108.293-1-500x273.png 500w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-13T104108.293-1-400x218.png 400w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-13T104108.293-1-350x191.png 350w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-13T104108.293-1-200x109.png 200w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image_fx_-2025-03-13T104108.293-1.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<\/strong> rose <strong>0.92%<\/strong>, closing at <strong>$67.66<\/strong> after touching a session high of <strong>$68.08<\/strong>.<\/li>\n\n\n\n<li><strong>Market volatility<\/strong> remains elevated amid ongoing geopolitical tensions and fresh U.S. sanctions on Iran.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>West Texas Intermediate (WTI) crude oil futures climbed to <strong>$67.66 per barrel<\/strong>, marking a <strong>0.92% intraday gain<\/strong>. Prices peaked at <strong>$68.08<\/strong> before slightly pulling back, supported by supply concerns and renewed market volatility.<\/p>\n\n\n\n<p>Cross-border conflicts remain a key driver, as the latest developments in <strong>Russia-Ukraine peace talks<\/strong> suggest dimming optimism. A swift <a href=\"https:\/\/www.theguardian.com\/world\/2025\/mar\/14\/ukraine-kursk-retreat-russia-incursion-peace-negotiations\">Russian military advance has forced Ukrainian troops to retreat<\/a> from key regions, diminishing Ukraine\u2019s leverage in ongoing negotiations.<\/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\">Russian President Vladimir Putin says he agrees to a U.S.-backed ceasefire in Ukraine in principle, but that the proposal needs serious reworking. <a href=\"https:\/\/t.co\/Z7rb5hdAbJ\">https:\/\/t.co\/Z7rb5hdAbJ<\/a> <a href=\"https:\/\/t.co\/bdpGB51caW\">pic.twitter.com\/bdpGB51caW<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1900718624483996029?ref_src=twsrc%5Etfw\">March 15, 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, the <strong><a href=\"https:\/\/www.state.gov\/sanctions-on-irans-oil-minister-and-shadow-fleet-to-exert-maximum-pressure\/\">U.S. Treasury Department announced tighter sanctions on Iran<\/a><\/strong>, specifically targeting its petroleum minister and several shipping companies. This move has added to supply concerns, particularly as Iran remains a significant crude exporter.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>Crude oil prices surged to <strong>$68.08<\/strong>, marking a <strong>0.92% increase<\/strong>, as bullish momentum pushed prices above key resistance at <strong>$67.50<\/strong>. The <strong>MACD crossover indicates strong buying interest<\/strong>, while the <strong>moving averages (5,10,30) show an upward slope<\/strong>, confirming an uptrend.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"446\" src=\"https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-15-1024x446.jpeg\" alt=\"\" class=\"wp-image-18507\" srcset=\"https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-15-1024x446.jpeg 1024w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-15-300x131.jpeg 300w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-15-768x334.jpeg 768w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-15-500x218.jpeg 500w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-15-400x174.jpeg 400w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-15-350x152.jpeg 350w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-15-200x87.jpeg 200w, https:\/\/www.global-vtrader.com\/en\/wp-content\/uploads\/sites\/4\/2025\/03\/image-15.jpeg 1080w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: Oil breaks past $67.50, eyeing further gains toward $69, as seen on the <\/em><em><a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a><\/em><\/p>\n\n\n\n<p>The breakout above <strong>$67.50<\/strong> suggests potential for further gains, with the next resistance level near <strong>$68.50-$69.00<\/strong>.<\/p>\n\n\n\n<p>If oil sustains this rally, traders should watch for a <strong>push toward $69.00<\/strong>. However, <strong>a drop below $67.50<\/strong> could trigger a <strong>pullback toward $67.00-$66.30<\/strong>. Key monitoring factors include <strong><a href=\"https:\/\/t.co\/KMuuMFtDQ8\">OPEC+ supply decisions<\/a>, global political shifts, and U.S. inventory reports<\/strong>, which could drive volatility.<\/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 climb as geopolitical tensions and U.S. sanctions on Iran raise supply concerns. &#8211; vtmarkets.com <\/p>\n","protected":false},"author":2,"featured_media":18508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27],"tags":[34],"class_list":["post-18506","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\/18506","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=18506"}],"version-history":[{"count":0,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/18506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/media\/18508"}],"wp:attachment":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/media?parent=18506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/categories?post=18506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/tags?post=18506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}