Crude Oil prices experienced a volatile period in January xxxx, initially rising before acceding to downward pressure towards the end of the month. Crude Oil price decline in the last week of January xxxx is attributed to policy shifts by potential tariff threats and recent calls for increased production following the president&#xx;s pledge to promote increased drilling.
Brent Crude Oil retreated by $x per barrel while West Texas Intermediate crude declined by $x.x/bbl from the last week to settle on January xx, xxxx. A narrow price difference persists between Dated Brent and West Texas Intermediate Crude Oil, possibly suggesting a stronger U.S. economy relative to Europe.
As per ChemAnalyst, market participants are bracing for potential Crude Oil price declines in February xxxx, especially if geopolitical tensions worsen. However, unexpected disruptions to supply or a significant rebound in global economic activity could provide...
