... $68–69 per barrel, while the American WTI variety increased to approximately $66. The price increase of about 1% over a day occurred amidst a combination of factors. Firstly, the U.S. Department of Energy reported an unexpected reduction in crude oil inventories by 3 million barrels over the past week, indicating stable demand and supporting the market. Secondly, investors are evaluating potential supply disruptions due to escalating sanctions: paradoxically, news about the tariffs imposed by Trump ...

... over 200,000 barrels per day back to the market. Thus, the expansion of supply from OPEC+ and other sources, along with ongoing economic risks, exerts a "cooling" effect on oil prices. Macroeconomic Factors. At the end of July, commercial oil inventories in the U.S. fell more than anticipated, reflecting robust consumption and preventing sharp declines in oil prices. At the same time, incoming signals regarding a global economic slowdown are tempering expectations for further tightening in ...

... into consumer sentiment and economic health. 20:00 GMT: U.S. – Federal Open Market Committee (FOMC) Meeting Minutes. Investors will look for hints on future Federal Reserve actions. 21:30 GMT: U.S. – API Weekly Crude Oil Stock Report. Changes in oil inventories can influence oil prices. ECB Speech: McCaul from the ECB is scheduled to speak. Impact on U.S. and Europe: China's monetary policy decisions can influence global demand for commodities, affecting European exporters. U.S. housing and consumer ...

... approximately 200,000 barrels/day). An increase in supply, alongside persistent economic risks, is putting a "cooling" effect on oil prices. Macroeconomic Conditions. The global economic environment remains mixed. On one hand, commercial crude oil inventories in the U.S. fell more than expected by the end of July, indicating active consumption and preventing prices from dropping sharply. On the other hand, there are signals of a slowing global economy: demand for raw materials in China is growing ...

... resume production there, potentially reintroducing over 200,000 barrels/day into the market. Thus, rising supply alongside enduring risks of economic slowdown exerts a “cooling” effect on prices. Macroeconomic Factors. For the past week, commercial oil inventories in the U.S. have decreased more than expected, reflecting strong demand and preventing prices from dropping sharply. Concurrently, expectations for a easing of monetary policy in leading economies boost investor interest in commodity assets,...