Today Donald Trump commented that the oil prices will fall below $60 per barell 'at some time', however the oil market is under the selling pressure since the end of the Israel - Iran war. Prices slide even as Russian refineries and terminals were burned after Ukrainian attacks on infrastructure targets. The reason of that is relatively high oil supply, favouring the 'selling trade'.
-
President Trump threatened “very heavy” sanctions on Russia if no Ukraine deal is reached, sparking fears of weaker global energy demand.
-
Trump pressed Moscow and Kyiv to negotiate directly, saying “it takes two to tango.”
-
The US is preparing to impose steep tariffs on India for buying Russian oil.
-
Duties on Indian imports were first set at 25%, then raised to 50%, effective since the Aug. 27.
-
Indian exporters are bracing for disruptions as Washington and New Delhi continue talks.
-
New sanctions and tariffs could slow economic growth and curb energy demand, adding pressure on oil prices.
Oil is under pressure from Trump’s Russia sanctions threat and looming US-India trade tariffs.
OIL.WTI (H1)
On the chart we can see that on the hourly interval, the OIL.WTI tests $63 zone falling from $65 seen yesterday.
Source: xStation5
Three Markets to Watch Next Week: USDJPY, US500, OIL (01.05.2026)
Market Wrap โ Data Confirms BoJ Intervention. Waiting for US ISM (05.01.2026)
Chart of the Day: Intervention on the Yen? Tokyo Challenges Speculators (01.05.2026)
Morning Wrap- Wall Street Records and Oil Stabilization (01.05.2026)
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
