usoil
WTI Oil Decline Resumes, as Trump Talks Down Prices and EIA Inventories Climb
Although crude oil prices have rebounded from their April lows, they are still erratic due to trade news, inventory levels, and political...
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Last updated: Wednesday, June 4, 2025
Quick overview
- Crude oil prices have rebounded from April's lows but remain volatile due to trade developments and political pressures.
- Recent trade optimism between the US and China temporarily lifted oil prices, with WTI nearing $63 per barrel.
- A significant increase in U.S. crude inventories has capped gains, pushing prices back down after failing to break key resistance levels.
- Political pressure from President Trump advocating for lower oil prices adds further uncertainty to the market outlook.
Live USOIL Chart
USOIL
MARKETS TREND
Although crude oil prices have rebounded from their April lows, they are still erratic due to trade news, inventory levels, and political pressure.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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