Oil prices edged lower in Asian trading Thursday, easing after a recent rebound as concerns over a potential U.S. recession and increasing production weighed on sentiment. Brent crude futures slipped 0.2% to $70.83 per barrel, while West Texas Intermediate (WTI) crude fell to $67.24.
Despite a brief recovery from three-year lows, oil remains under pressure in 2025 due to softening demand and rising global supply. A weaker U.S. dollar and a sharper-than-expected decline in U.S. gasoline inventories provided temporary support, but worries over slowing economic growth and a U.S.-led trade war persist.
OPEC+ reported a production increase of 363,000 barrels per day in February, reaching 41.01 million bpd as the group continues to roll back production cuts. Kazakhstan led the rise, and additional output is expected in April, raising concerns of oversupply in a weakening market. However, OPEC+ maintained its 2025 demand growth forecast at 1.45 million bpd, expressing confidence in global economic resilience despite mounting trade tensions.
Investor sentiment remains fragile after U.S. President Donald Trump imposed steep tariffs on steel and aluminum, warning of further trade restrictions. His aggressive stance on China, the world’s top oil importer, has fueled fears that escalating trade tensions could dampen demand.
A softer-than-expected U.S. consumer price index report temporarily lifted oil prices by weakening the dollar, but concerns over a potential recession linger. Market watchers now await the U.S. producer price index report for further economic signals.
With global supply rising and demand outlook uncertain, oil markets remain volatile, driven by economic headwinds and geopolitical risks.


U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Thailand Inflation Remains Negative for 10th Straight Month in January
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 



