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The view shows that it is expanding with an oil pump on the Airankol oil field, which is managed by Caspiy Neft in the Attirau region, Kazakhstan on April 2, 2025.
Pavel Mikheyev | Reuters
On Monday, oil prices in the United States fell by about 2%, adding to sharp loss last week from Donald Trump fears Global tariffs The United States and possibly the world would push the recession.
In the US .cude oil decreased by $ 1.29, or 2.08%, closing $ 60.70 a barrel, while Brent lost $ 1.37, or 2.09%to settle by $ 64.21. Recent price action takes place after last week the US and Brent closed by more than 10%.
Futures associated with US Western Texas Domestic Raw Masses Click the minimum of $ 58.95 per barrel, the lowest level since 2021. Global benchmark Brent fell to the internet at $ 62.51.
Last week, the decision of OPEC+ key manufacturers on increasing production campaigns also put pressure on oil prices. Saudi Aramko on Sunday reduced the price of its flagship Arab light raw materials.
Trump has advertised a steep fall in oil prices early Monday.
“Oil prices are reduced, interest rates are reduced (slow speed should decline!)
But causing the worries that tariffs can lead to raising business prices, which can slow down economic activity, which will eventually damage the demand for oil.
According to JPMorgan, the tariffs that are due to take effect, “probably push the US and possibly the world economy to recession,” JPMorgan reports. Firm on Thursday This year increased the chances of recession up to 60% after tariffs, which is compared to 40%.
Oil futures, 5 years
Bank of America sees that the trade war reduces the growth of oil demand in half this year, while OPEC+ increases production. This will lead to a “eye” surplus of 1.25 million barrels per day, the bank reports.
“If this is a script that is actually played, we believe that oil-contained oil and stock price value are more opportunities for falling,” said Bank of America’s Bank, led by Caley on Monday.
Goldman Sachs on Sunday reduced the oil price forecast for December 2025 by 4 to $ 58 a barrel for us raw and $ 62 per Brent. The investment bank sees that the prices in 2026 fall further, and we have raw, and Brent on average $ 55 and $ 58 per barrel.
The fall in oil prices can force US slate manufacturers to reduce production. In the US, crude oil in the amount of $ 60 per barrel is already below a break -even price for some shale companies, said Jeff Kerry, Chief Energy Director in Carlile.
“If you go down below 55, you are now below the Permian economy,” Kerry CNBC’s said “Squawk box” Monday. The Perm pool is the most prolific patch of oil in the US, said the raw prices in the US could drop below $ 50 a barrel.
“The potential for this overlap to the lack is quite important,” he said, noting that the market has already been enrolled.
It is difficult to predict the overall direction of events, since countries are likely to look for lower tariff rates through talks with Trump, Natasha Kaneva, head of the world’s JPMorgan said on Friday.
However, for oil prices, “unmistakable trajectory,” Kaneva said.
