Oil prices are trading higher – Danske Bank

FXStreetApr 1, 2025 9:53 AM

View all comments（0）



Oil prices have rebounded lately, Danske Bank's FX analyst Stefan Mellin reports.

Market is worried about sanctions and related supply side effects

"A host of factors are driving the market including trade woes, growth concerns, halt in the USD sell-off and new oil-related sanctions. The fact that oil prices are rising in this environment to us suggests that the market is more worried about sanctions and related supply side effects."

"However, we doubt this can drive oil prices much higher since OPEC+ has started hiking output. Rather clarity on global trade policy and preferably fewer tariffs than what has been pre-announced so far could push oil prices another leg higher."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Japan, South Korea Stocks Weaken in Early Trading; Kospi Drops Over 1%, Nikkei 225 Falls Over 1.7%, SoftBank Drops Over 4%

TradingKey - On October 19, Japanese and South Korean stock markets came under renewed pressure in early trading. South Korean equities recovered some ground after opening lower, while losses in the Japanese market widened further. South Korea's KOSPI Index opened 3.17% lower at 5,488.41 points before narrowing its decline to 1.16% at 5,602.12 points. Japan's Nikkei 225 Index opened down 0.77% at 64,819.56 points and subsequently dropped 1.73% to 64,194.90 points.

TradingKey Wall Street Weekly Report：Rising Inflation Intensifies Rate Pressure; Nasdaq Falls 4.48%, Its Biggest Weekly Decline Since June

TradingKey - During the period from 2026-10-12 to 2026-10-18, the U.S. macroeconomic environment was dominated by persistent inflationary pressures and elevated global energy costs. Headline Consumer Price Index data for September released on October 14 showed annual inflation accelerating to 3.7%,

The Week Ahead: Tesla, Meta and WDC Earnings in Focus as US Stock Q3 Earnings Season Enters Key Trading Window

TradingKey - In the upcoming week (October 19 to October 23), the US market will shift its focus from this week's inflation data to the third-quarter earnings season and economic growth data. US September CPI released this week rose 3.7% year-on-year, while PPI climbed 1.3% month-on-month, marking the largest single-month gain since March 2022; September retail sales grew 0.8% month-on-month and 6.3% year-on-year, indicating that while inflationary pressures remain elevated, US consumer spending maintains a degree of resilience.

Market Sentiment Turns Cautious Ahead of Netflix Earnings: Can NFLX Hold Key $70 Support?

TradingKey - Netflix (NFLX) will report its third-quarter 2026 financial results after the US market close on October 20. With the company's stock price currently hovering around $70 and investor sentiment turning noticeably cautious, this earnings report could serve as a critical turning point for its short-term trajectory.

TSMC Q3 Earnings Beat Estimates: Net Profit Surges 69% to Record High as AI Demand Remains Strong

TradingKey - On October 15, TSMC (TSM) released its third-quarter financial results for 2026. Driven by sustained growth in demand for AI chips and advanced nodes, the company's revenue and net profit both reached record highs, with net profit surging nearly 69% year-over-year and beating market expectations.

Featured Tools