How to trade WTI crude oil amid US recession, Iran-Israel war concerns?

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How to trade WTI crude oil amid US recession, Iran-Israel war concerns? - Business Standard

Quick Summary:

In the statement from Opec, the JMMC reiterated that the gradual phase-out of supply cuts from October 2024 could be paused or reversed depending on market conditions.

We expect prices to remain subdued in short to medium term as demand has deteriorated sharply from Asia and, with the US on the verge of recession, we see bleak chances of revival of oil demand.

That apart, the Japanese central bank plans to cut the amount of its monthly JGB purchases going forward by about Y400 billion each calendar quarter from Y5.7 trillion in July to about Y3 trillion in January – March 2026.