On February 13, Jinshi data reported that oil prices in Asia fell slightly in early trading as traders digested signs of US CPI data and supply pressure. Quasar Elizundia, a strategist at Pepperstone, said that higher-than-expected inflation strengthened the view that the Fed might maintain high interest rates, putting pressure on dollar-denominated commodities. He added that Trump’s comments on ending the conflict in Ukraine also sparked speculation about relaxing restrictions on Russian oil producers. “If this becomes reality, it will drop Russia’s supply risk and put downward pressure on oil prices,” he said. EIA raised its forecast for US crude oil production in 2025, adding another supply factor.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
