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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The oil market is «digesting» Trump's statements on the EU and Russia

May, 26 2025
watermark Economic news

Oil prices showed mixed dynamics on Monday, fluctuating in the range of $63.90-64.70 per barrel. 


Some support for prices was provided by Donald Trump's decision to postpone the introduction of tariffs on imports from the EU until July 9. This has reduced concerns about a possible drop in fuel demand. An additional positive factor was Trump's statement about possible sanctions against Russia in the context of the conflict in Ukraine.


At the same time, price growth is being held back by expectations of an increase in production from OPEC+. Moreover, today's trading volumes are limited due to the Memorial Day holiday in the United States. 


The current Brent quote is $64.03. WTI oil is trading near $61.40 per barrel.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.