Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Oil Q2 Forecast: How Will Crude Oil Prices Budge Between Weak Growth, Undersupply？
Abstract：Can the downward pressure on crude oil prices from weakening global demand be offset by the stimulative measures from OPEC+ cuts, and from US-imposed sanctions on Iran and Venezuela？
Since the start of the year, crude oil prices have enjoyed an almost 30 percent increase but have still not recovered from the 40 percent drop in Q4 2018. Increasing concerns about weakening global growth – especially out of powerhouse economies such as China and the US – may undercut the sentiment-linked commoditys upside momentum if underlying demand for it is eroded.
However, crude oil prices may receive a boon from politically-based factors. The most recent OPEC+ meeting that was supposed to take place in April was cancelled, with investors now waiting for the June session. Officials are expected to be in support of deep cuts. The US is also reimposing sanctions against Iran, which may undercut supply and boost prices.
See the complete Q219 Oil Forecast as well as outlook for other major currencies, equities, and gold.
---Written by Tyler Yell, CMT and Dimitri Zabelin, Analysts for DailyFX.com
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
Oil Prices Drop as OPEC+ Pauses Supply Hikes Amid Oversupply Fears
Oil prices fell as OPEC+ paused supply hikes for early 2026, fueling oversupply concerns. A stronger U.S. dollar added to pressure on WTI crude.
Original 11-06
Oil Prices Drop as OPEC+ Considers Raising Production
Oil prices fell sharply this week as traders worried that OPEC+ might decide to pump more oil into the market at its upcoming meeting.
Original 09-04
50% Tariff Imposed on India: The Sectors That Will Be Hit the Hardest
Finally, the day (August 27, 2025) arrived that India did not want. The imposition of 50% tariff by the US administration on most products exported from India. As per the US, the tariff is largely due to India continuing to purchase Russian oil. The extra 25% duty was added over 25% imposed at the beginning of August 2025 as India refused to stop purchasing Russian crude and defence hardware. Check out the sectors that will be hit the hardest with this tariff increase.
Original 08-28
Unconfirm Explosion in Middle East Stimulates Commodities Prices
The market was roiled by unconfirmed reports of explosions in Iran, Iraq, and Syria, adding to the already tense atmosphere following Iran's recent attack on Israel over the weekend. Anticipation of potential retaliation from Israel contributed to heightened nervousness in the markets throughout the week. Gold prices surged above the $2400 mark, while oil prices saw a gain of over 4% in the Asia opening session on Friday
News 2024-04-19
WikiFX Broker
Latest News
Close Up With WikiFX —— Take A Close Look At Amillex
WikiFXGGCC Bonus and Promotions: A Data-Driven Analysis for Experienced Traders
WikiFXAccentForex Review: Is It Safe to Invest or Scam?
WikiFXQuestrade Review Pros, Cons and Regulation
WikiFXCapEx Spending On AI Is Masking Economic Weakness
WikiFXIs Your Money Safe? The Capital.com Withdrawal Mystery Revealed
WikiFXWorld Forex Review: Does the Broker Deny Withdrawals and Scam Traders via Fake Bonuses?
WikiFXRevolut Expands in South Africa with Banking Licence Move
WikiFXThe Broker Dilemma: Why Your Choice Could Make or Break Your Forex Journey
WikiFX【WikiEXPO Global Expert Interviews】Sheikh Muhammad Noman: The Future of Investment in the GCC
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate