January 22, 2025 17:10 GMT
MNI Commodity Weekly: January Oil Market Shake-Up
Executive Summary:
- January Oil Market Shake-Up: After a period of limited oil market drivers, sanctions from Biden as well as more expected from Trump along with tariff threats and Middle East peace deals leaves oil markets with a slew of new factors to consider.
- Oil Market: Crude futures drift lower as the market assesses the potential impact of the new Trump administration, global oil flow changes, soft China demand and uncertainty over future OPEC+ supply. US diesel cracks have lost ground following a rally to a 10-month high amid sanctions risks and heating oil demand from cold Northern hemisphere weather.
- Analyst Views: See analyst views on oil market from biggest names in the industry.
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