Oil Prices Drop as OPEC+ Pauses Supply Hikes Amid Oversupply Fears
Oil prices fell as OPEC+ paused supply hikes for early 2026, fueling oversupply concerns. A stronger U.S. dollar added to pressure on WTI crude.
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Crude Oil Weekly Forecast: Curbed by Trumps Tariffs, Growth Fears
Abstract： Against this harsh background, oil is unlikely to push significantly higher in the near-term. While Thursday plunge is being partially trimmed
Crude Oil Price Fundamental Forecast: Neutral
Q3 2019 Oil Forecast and Top Trading Opportunities
Markets Brace for Trump Announcement
Against this harsh background, oil is unlikely to push significantly higher in the near-term. While Thursday plunge is being partially trimmed, the price of oil will struggle to move higher in the short- and medium-term with strong resistance between $58.80/bbl. and $61.00/bbl.
US Crude Oil Daily Chart (October 2018 – July 26, 2019)
The IG Client Sentiment Indicator shows retail traders are 66.9% net-long US Crude Oil, a bearish contrarian bias. However daily and weekly changes give us a stronger bearish US Crude Oil bias.
Surprising Crude Oil Facts Every Trader Should Know
Traders may be interested in two of our trading guides – Traits of Successful Traders and Top Trading Lessons – while technical analysts are likely to be interested in our latest Elliott Wave Guide.
What is your view on Oil – bullish or bearish？ You can let us know via the form at the end of this piece or you can contact the author at nicholas.cawley@ig.comor via Twitter @nickcawley1.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Oil Prices Drop as OPEC+ Considers Raising Production
Oil prices fell sharply this week as traders worried that OPEC+ might decide to pump more oil into the market at its upcoming meeting.
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50% Tariff Imposed on India: The Sectors That Will Be Hit the Hardest
Finally, the day (August 27, 2025) arrived that India did not want. The imposition of 50% tariff by the US administration on most products exported from India. As per the US, the tariff is largely due to India continuing to purchase Russian oil. The extra 25% duty was added over 25% imposed at the beginning of August 2025 as India refused to stop purchasing Russian crude and defence hardware. Check out the sectors that will be hit the hardest with this tariff increase.
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