EBC Markets Briefing | ​​Oil steadies on clash in Iraq

Oil prices were stable on Friday, following a rise, as worries over reduced Iraqi supply clashed with fears of lower demand from US tariffs.

Oil prices were little changed on Friday after rising in the previous session as concerns about supply reduction in Iraq clashed with worries of potential demand declines amid US tariffs.

Three oil fields in Iraqi Kurdistan were targeted by explosive drones on Wednesday. The attacks came at a time when tensions between Baghdad and Erbil have escalated over oil exports.

Oil output in the semi-autonomous Kurdistan region has been slashed by between 140,000 and 150,000 bpd, energy officials said, more than half the normal output of about 280,000 bpd.

US crude inventories fell more than expected last week, government data showed. Oil output increases were not leading to higher inventories, which showed markets were thirsty for more oil.

The OPEC said it expects global trade tensions to ease in the coming weeks and kept its oil demand forecast unchanged as it continues to ramp up output.

Trump threatened on Monday to impose "secondary tariffs" on Russia's trade partners "at about 100%" if President Putin does not agree to a deal to end his invasion of Ukraine in 50 days.

Brent crude looks bearish given double-top pattern. In the upcoming week, the price is set to ease to 50 SMA around $67.5

EBC Forex Market Analysis Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC Industry In-depth Analysis or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

Cơ quan quản lý: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
read more
USD Gains Ground as Gold Slips, AUD Drops | 25th July 2025

USD Gains Ground as Gold Slips, AUD Drops | 25th July 2025

The US Dollar climbed on Friday, pressuring gold lower and dragging AUD down, while NZD held above 0.6000 amid trade optimism. EUR/JPY extended gains after soft Tokyo CPI data. Markets now eye US data and central bank cues for direction, with volatility likely to persist into the weekend.
Moneta Markets | 16 phút trước
ATFX ​Market Outlook 25th July 2025

ATFX ​Market Outlook 25th July 2025

US initial jobless claims dropped to a three-month low last week, while June’s new home sales showed a slight rise. The S&P 500 and Nasdaq closed at record highs on Thursday, boosted by strong earnings from Google’s parent, Alphabet, which sparked optimism in other major AI-related stocks. Conversely, Tesla shares fell after the company reported disappointing earnings.
ATFX | 3h 32phút trước
GBPUSD recovery faces key test

GBPUSD recovery faces key test

GBPUSD retraces half of July’s losses, edges above short-term SMAs. Technical risk is skewed to the upside, but another challenge looms near 1.3635.
XM Group | 21h 52phút trước
EU and US close to a trade deal ahead of ECB decision

EU and US close to a trade deal ahead of ECB decision

After Japan, the US is nearing a trade accord with the EU - S&P Global PMIs in focus ahead of next week’s FOMC decision - ECB to stand pat, Lagarde’s signals to be key for the euro - S&P 500 hits a new record high, but earnings results come in mixed
XM Group | 21h 52phút trước
The crypto market nosedive

The crypto market nosedive

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: The crypto market nosedive
FxPro | 23h 18phút trước