“The prices of the barrel of Brent should succeed in stopping their fall”

Free tribune The oil prices should stabilize, after their dive linked to fears of falling demand from the United States. Our columnist Alain Corbani, managerial material manager at Montbleu Finance and manager of the Global Gold and Precious fund, takes stock. © maksym Yemelyanov/Adobe Stock – Petroleum saving save Receive oil alerts oil has been marked in recent times. The price of a barrel of Brent is treated at 70 dollars today, barely a few dollars below its technical trace of 50% (according to technical analysis). And it evolves in territory occurred (according to technical analysis, with an RSI mathematical indicator – Relative Strength Index – 36). In one month, the price of a barrel of oil depreciated by 15% due to a double threat emanating from the side of the supply but also of the demand risking breaking a precarious balance. Due to the supply, first with the decision taken by OPEC+ to cancel its oil production cuts from April. The group of producers led by Saudi Arabia and Russia should increase its production by 138,000 barrels per day next month, going crescendo to reach around 2.2 million barrels per day additional by 2026. In addition to this announcement, the latest statistics published for February revealed that OPEC had increased its production of 240,000 barrels per day. To read also: Oil: “There are many obstacles to the risk of Brent excitement” The growth of the United States weakens, the demand for oil should be affected on the side of demand then, with the latest growth forecasts published by the Federal Reserve of Atlanta anticipating a contraction of the American economy in the first quarter 2025 due among other things strong trade tensions between the United States, China, Canada, Canada Mexico and Europe, likely to reduce oil demand. >> Buy and sell your actions at the right time thanks to Momentum, the Premium Investment Letter of Capital based on technical, economic and financial analysis. Our readers were able to carry out massive gains on many actions in the oil sector, purchased and sold to good timings. And thanks to our partnership with the Technical Analysis Show of March 28, 2025, take advantage of -30% now on the price of an annual subscription! This being said, OPEC+ hastened to specify that the decision to gradually increase production could be “interrupted or reversed according to market conditions”. Whether the motivations have been linked to an attempt to regain market shares (unconvincing) or in anticipation of more drastic American sanctions against Venezuela and Iran (more convincing), we interpret these policies as more aimed at “Caper” (put an increase in) an increase in the price of a barrel rather than to push it to visit lower levels. To read also: Now, oil … The raw materials could become one of the most profitable investments the drop in petroleum stocks and the desire of China to dopy its growth should support the prices of the Brentles remarks made in Houston on March 10 by the American Minister of Energy Chris Wright during the Ceraweek conference go in the direction of appeasement even if the media rhetoric remains strong. “We are carrying out animated debates on customs prices,” he said. And to add: “It is quite possible that the customs prices imposed in Canada and Mexico will be lifted before their entry into force”. It will also be necessary to count on the Chinese authorities, who have already pointed out their intention to counter any possible economic slowdown by more aggressive recovery plans. The slow drop in global oil stocks observed since September 2024 is another militant argument in favor of stabilization of barrel prices after the severe correction recorded this last month. A new normal level which should evolve in a range oscillating between 66 and 80 dollars per barrel of oil. Receive our latest news each morning, the information to be remembered on the financial markets. (tagstotranslate) p u00e9trole

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