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On Monday, US President Donald Trump indicated that he was drowning in the stock market and the rising fears of the recession, despite the rising fears of the downturn, the price of oil fell on Monday.
Brent Crude has dropped 2.5 percent in the afternoon in London to $ 1.5 in the afternoon-as an indicator of the depth of anxiety that the lower four-year and 5 percent drop-world economy has been moving towards intense downturn over the past five days.
Trump’s “Release Day” Tariff The OPEC+ Coalition was followed after an unexpected step to raise the oil output several hours after last Wednesday.
“I think this is extremely serious i I don’t think we’re still in the world of 20, but of course [expecting] This year is a significant reduction in the global economy, “said George Leone, head of the geological analysis of restored energy.
Some analysts are falling Oil In the United States, higher expenses can make prices very low, on the way to Trump’s promise to increase the domestic production of Trump, or whom he calls “drill, baby, drill”.
The President, however, appeared to welcome the fall of the crude by promising to reduce expenses for US customers.
In a social post of Truth on Monday, Trump wrote: “Oil prices are falling, interest rates have decreased (slow -moving rate rates should be reduced!), Food prices are falling, no inflation, and for a long time, the US is coming up with a few billion dollars in tariffs from abusive countries.”
In a note on Sunday, Goldman Shutch analysts cut off the prediction of their oil prices after a “stagnation” of economists and the high risk of the recession. They are now hoping that Brent Crude will trade $ 58 in 2026 and $ 55 per barrel in Western Texas Intermediate.
“The risk of forecasting of our decreased oil prices remains in the negative, because the risk of the downturn has increased and because the OPEC+ supply may increase more than we have,” they added.
“Our economists have also raised the possibility of a 12 -month US downturn from 35 percent to 45 percent, and the White House implemented most of the tariff on April 9, they indicated that their forecasts would change to the mere.”
Morgan Stanley said in a note on Monday morning that Brent Crude was reduced to 12.5 percent between the end of Wednesday and Friday, which had happened 24 times before – 22 of whom it was involved in the recession.
It is reducing its base case forecast to about 550,000 barrels a day for the second half of this year.
“We assume that our previous Brent’s forecast is in ‘high $ 60s’ [the second half] It will no longer be achievable and will not change it in ‘less $ 60’, “added it.
As a warning for high -cost producers, Saxo’s product strategy is based on Ole Hansen: “From last Wednesday, the dramatic flurry of crude oil.
Eight OPEC+ Members’ Decision to Bring a Plan Reversed production This means they will increase the output by 41,000 B/D in May, it is higher than the previous target of 122,000b/D.
It followed tension between members compared to different degrees of loyalty of manufacturing cuts, Kazakhstan consistently pumped on its quota.
The shares of the UK -listed oil producers were reduced on Monday morning, the shell declined by 7 percent and the BP decreased by 6 percent, with efficient market efficiency.
