Oil - Overview as of 29.05.2025

Financial and commodity markets analytics


Global oil prices are rising. The decision of the US court to suspend the tariffs proposed by Donald Trump was perceived as a signal of reduced geopolitical risks. In addition, the market expects new signals from OPEC+. Participants believe that the group may maintain the current restrictions on production. These factors contribute to price stabilization.Technically, the market found support in the area described earlier: $60.00-60.50. The range of $63.40-64.80 acts as a potential resistance zone, where the activity of sellers may increase.