Oil Prices Face Volatility on Thursday

PUKMEDIA

Oil Prices.

On Thursday, 10 April 2025, global oil prices remain volatile, influenced by developments in international trade, geopolitical tensions, and shifting supply dynamics.

Brent crude briefly dropped to $58.46 per barrel—its lowest since early 2021—before rebounding to $64.82. US West Texas Intermediate (WTI) crude followed a similar path, falling to $55.10 before recovering to $62. These movements reflect growing concerns over global economic prospects.

The volatility comes amid new US trade measures introduced on 2 April under Executive Order 14257, which raised tariffs on a wide range of imports, including from China. China responded with its own tariffs and policy adjustments, contributing to market uncertainty.

Meanwhile, OPEC+ announced it will increase production by 411,000 barrels per day in May—surpassing expectations. Additional supply from non-OPEC producers, including the US, has added further pressure on prices.

With demand concerns persisting and supply continuing to rise, oil markets remain sensitive to ongoing trade developments and geopolitical risks. Analysts expect these factors to continue driving price movements in the near term.


PUKMEDIA