EIA Projects Decrease in Oil Demand and Prices Amid Global Trade Shifts

The U.S. Energy Information Administration (EIA) has revised its outlook on global oil demand, projecting a decrease in demand for petroleum products through 2026 due to recent shifts in global trade policies and oil production. This adjustment is expected to lead to lower oil and gasoline prices than previously anticipated. Key assets affected include Oil – US Crude, Oil – Brent Crude, and Natural Gas.

Over the past month, Natural Gas has seen a price decline of approximately 5.99%, while Oil – US Crude and Oil – Brent Crude have decreased by 3.37% and 3.84%, respectively. In terms of short-term technical analysis, Hold is the signal for Natural Gas, while both Oil – US Crude and Oil – Brent Crude have a Sell and Sell signal, respectively. Investors can explore more updates, prices, and analysis across global markets at Commodities.