The scene shows the abandoned oil pump in the Airankol Oil field run by Caspiy Neft in the Atyrau region, Kazakhstan on April 2, 2025.
Paville Mikeev Reuters
Oil prices in the United States fell about 2 % on Monday, adding to severe losses last week on fears of President Donald Trump Global definitions The United States, and perhaps the world, will lead to recession.
Futures are linked West Texas Texas, the rough, medium The lowest level in the session was hit 58.95 dollars a barrel, which is the lowest level since 2021. Global measurement Brent It fell at the lowest level during the day 62.51 dollars.
Crowd oil in the United States has decreased $ 1.33, or 2.15 %, to $ 60.66 by 11:33 am, while Brent decreased $ 1.30, or 1.98 %, to $ 64.28. The latest price procedure comes after closing our raw and Brent more than 10 % last week.
Last week, the OPEC+ producers decisions last week increased the frequency of production increased pressure on oil prices. On Sunday, Saudi Aramco cut off its pioneering Arab raw price.
Trump described the sharp decline in oil prices early on Monday.
The president said in a social publication in one of the dollars: “Oil prices decreased, and interest rates decreased (the slow Federal Reserve must reduce prices!), And the decline in food prices, and there is no inflation, and the United States of America, which has long been exposed to billions of dollars per week from countries, is the usual treatment of the definitions that are already approved.”
But concerns are an escalation that the customs tariff can lead to the high prices of companies, which may lead to a slowdown in economic activity that will eventually harm the demand for oil.
The definitions that are scheduled to enter this week are likely to pay, “the United States and perhaps the global economy will push the recession this year,” according to JPMorgan. The company on Thursday It raised the possibility of recession this year To 60 % after displaying the customs tariff, up from 40 %.
Future oil contracts, 5 years
Pank of America sees oil demand growth in the trade war in half this year at the same time as Opec+ production increases. This would lead to a “water” excess 1.25 million barrels per day, according to the bank.
“If this is the scenario that actually plays, we believe that oil prices and the values of oil legs have a greater space to fall,” Bank of America, led by Kali Akine, told customers.
On Sunday, Goldman Sachs reduced oil prices for the month of December 2025 by $ 4 to $ 58 a barrel for the United States and $ 62 for Brent. The Investment Bank believes that the prices are decreased in 2026 with the United States of Raw and Brint, an average of $ 55 and $ 58 a barrel, respectively.
Low oil prices can force us rock producers to reduce production. Jeff Curie, chief strategy official at Carlyle, said.
“If you decrease to less than 55 years, you are now below the economics of Permian,” Curry told CNBC to CNBC. Squawk box on monday. The Barmeian Basin is the most abundant oil correction in the United States of Korean. US crude prices may drop to less than $ 50 a barrel.
“The possibility of exceeding this to the negative side is very important,” he said, noting that the market is already exaggerated.
Natasha Caneva, head of international commodity research at JPMorgan, said in the Friday note, that it is difficult to predict the general direction of developments, as the two countries are likely to seek to obtain lower tariff rates through negotiations with Trump.
For oil prices, however, “the path is in one direction that is unambiguous.”
