Crude oil outlook stays bearish with macro risks, OPEC+ supply gains, and inventory builds offsetting any rebound from oversold technical levels.
Saudi Arabia is pushing ahead with megaprojects such as The Line in Neom. The kingdom's economy is still heavily dependent on oil revenues, but prices have been sliding.
Oil and natural gas prices stabilize after a sharp selloff, with key support levels holding firm amid oversupply concerns and rising geopolitical risks.
WTI crude oil broke its long-term support range and sharply declined following President Trump's speech on April 4.
Oil prices rose more than 1% on Tuesday, rebounding after a hefty selloff in recent sessions led by concerns that U.S. tariffs might depress demand and lead to a global recession.

Oil Futures Rise on Likely Technical Recovery

08:29pm, Monday, 07'th Apr 2025
Oil futures rose in the early Asian session on a likely technical rebound after falling for a third consecutive session overnight.
Stocks close mixed. Market Domination anchor Julie Hyman breaks down the chaotic day of trading for April 7, 2025.
Brent crude futures and options contracts traded on the Intercontinental Exchange (ICE) hit record volumes on Friday, surpassing levels seen during the COVID-19 pandemic as investors braced for a glob
U.S. President threatened to impose an additional 50% tariff on China.
Oil prices fell to their lowest level in years on Monday as worries about the reciprocal tariffs President Donald Trump announced last week continued to ripple through global markets.
Oil benchmarks hit their lowest levels since 2021 as investors worried the inflationary risks of tariffs and OPEC's recent surprise supply hike could cause a surplus.
Consumers typically see a jump in gas prices as refineries switch to a summer-grade blend. However, this year could be different as crude oil prices are falling.
OPEC oil output fell in March ahead of a scheduled output hike, a Reuters survey found, as Nigeria curbed deliveries to domestic refineries and Iranian and Venezuelan supply dropped on renewed U.S. at
The Monday session has been ugly for the oil market, but at this point in time, the market is trying to turn things around and show signs of support. Regardless, this is still a market that is probabl
Jeff Currie, Carlyle chief strategy officer of energy pathways, joins 'Squawk Box' to discuss the impact of President Trump's sweeping new tariffs on the energy sector, latest oil price trends, impact
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