Oil prices edged lower in Asian trading Thursday, easing after a recent rebound as concerns over a potential U.S. recession and increasing production weighed on sentiment. Brent crude futures slipped 0.2% to $70.83 per barrel, while West Texas Intermediate (WTI) crude fell to $67.24.
Despite a brief recovery from three-year lows, oil remains under pressure in 2025 due to softening demand and rising global supply. A weaker U.S. dollar and a sharper-than-expected decline in U.S. gasoline inventories provided temporary support, but worries over slowing economic growth and a U.S.-led trade war persist.
OPEC+ reported a production increase of 363,000 barrels per day in February, reaching 41.01 million bpd as the group continues to roll back production cuts. Kazakhstan led the rise, and additional output is expected in April, raising concerns of oversupply in a weakening market. However, OPEC+ maintained its 2025 demand growth forecast at 1.45 million bpd, expressing confidence in global economic resilience despite mounting trade tensions.
Investor sentiment remains fragile after U.S. President Donald Trump imposed steep tariffs on steel and aluminum, warning of further trade restrictions. His aggressive stance on China, the world’s top oil importer, has fueled fears that escalating trade tensions could dampen demand.
A softer-than-expected U.S. consumer price index report temporarily lifted oil prices by weakening the dollar, but concerns over a potential recession linger. Market watchers now await the U.S. producer price index report for further economic signals.
With global supply rising and demand outlook uncertain, oil markets remain volatile, driven by economic headwinds and geopolitical risks.


Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
Thailand Inflation Remains Negative for 10th Straight Month in January
Australia’s December Trade Surplus Expands but Falls Short of Expectations
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 



