Oil prices slipped in Asian trading on Monday, extending last week's losses as weak U.S. economic data fueled concerns over slowing demand. Brent crude fell 0.3% to $74.24 per barrel, while WTI declined 0.4% to $69.97.
Recent U.S. data pointed to a potential economic slowdown, weighing on oil markets. February’s Services PMI dropped to 50.4 from 52.7 in January, signaling weaker private-sector growth. Meanwhile, the University of Michigan’s consumer sentiment index hit a 15-month low at 64.7, reflecting inflation worries and proposed tariffs.
Investors are also closely watching peace negotiations between Russia and Ukraine, which could impact global energy markets. The U.S. is mediating talks, with President Donald Trump engaging in high-level discussions. However, Ukrainian President Volodymyr Zelenskyy insists on Ukraine’s direct involvement. A peace deal could ease sanctions on Russian energy exports, boosting oil supply and potentially lowering natural gas prices in Europe.
Despite the dip, supply disruptions limited further losses. The Caspian Pipeline Consortium (CPC) saw reduced oil flows of 30-40% after a Ukrainian drone struck Russia’s Kropotkinskaya pumping station. Meanwhile, OPEC+ is considering postponing planned production hikes initially set for April, further tightening supply.
With economic concerns dampening demand and geopolitical factors influencing supply, oil markets remain volatile. Investors will monitor upcoming economic reports and diplomatic developments for further price direction.


Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 



