Oil prices jumped in Asian trading on Tuesday, rebounding from a four-year low driven by demand concerns and rising global supply. Brent crude futures climbed 1.3% to $61.04 per barrel, while West Texas Intermediate (WTI) rose 1.4% to $57.54.
The recovery comes despite ongoing pressure from the U.S.-China trade war, which has significantly weakened global oil demand. Although both nations have hinted at renewed trade talks, no concrete progress has been made, keeping market sentiment cautious. Recent economic data from both countries—including slowing Chinese services growth and a surprise U.S. GDP contraction—have further fueled concerns about reduced energy consumption.
Adding to the market’s instability, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced steeper-than-expected production increases over the weekend. Saudi Arabia is set to lead efforts to unwind more than two years of output cuts, with member states pushing to boost exports and offset price declines.
Meanwhile, U.S. shale production may have reached its peak. Diamondback Energy (NASDAQ:FANG), a key player in the Permian Basin, warned that American onshore oil output has likely peaked and will decline this quarter. The company cited unprofitable price levels and slashed its 2025 production and capital expenditure forecasts, contradicting recent calls from President Trump to ramp up energy production.
With oil supply rising and demand outlook weakening, markets remain volatile. While Tuesday’s price bounce offered some relief, analysts caution that structural challenges in global demand and U.S. output could keep oil prices under pressure in the near term.


RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Thailand Inflation Remains Negative for 10th Straight Month in January
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 



