Oil Rises But Prices Remain Suppressed on Tariffs, OPEC Output Hike -- Market Talk

Dow Jones

Mar 06, 2025

1332 GMT - Oil prices rise, with Brent crude up 0.4% at $69.58 a barrel and WTI up 0.5% at $66.64 a barrel. The increase hasn't offset recent losses, with Brent down 5.4% on week, and WTI down 5.3%. Prices have sharply declined since the U.S. imposition of tariffs on Canadian and Mexican imports, coinciding with major producers increasing output quotas for the first time since 2022, JPMorgan analysts say in a note. OPEC+ unexpectedly said on Monday that it will start raising output in April. That said, Brent is now trading below its fair value and short-term technical trading indicators have entered oversold territory, analysts say. JPM expects the price of Brent to average $73 a barrel in 2025, before slipping to $61 a barrel in 2026.(joseph.hoppe@wsj.com)

(END) Dow Jones Newswires

March 06, 2025 08:33 ET (13:33 GMT)

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The increase hasn't offset recent losses, with Brent down 5.4% on week, and WTI down 5.3%. Prices have sharply declined since the U.S. imposition of tariffs on Canadian and Mexican imports, coinciding with major producers increasing output quotas for the first time since 2022, JPMorgan analysts say in a note. OPEC+ unexpectedly said on Monday that it will start raising output in April. That said, Brent is now trading below its fair value and short-term technical trading indicators have entered oversold territory, analysts say. JPM expects the price of Brent to average $73 a barrel in 2025, before slipping to $61 a barrel in 2026.(joseph.hoppe@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 06, 2025 08:33 ET (13:33 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil Rises But Prices Remain Suppressed on Tariffs, OPEC Output Hike -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil Rises But Prices Remain Suppressed on Tariffs, OPEC Output Hike -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-06 21:33</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1332 GMT - Oil prices rise, with Brent crude up 0.4% at $69.58 a barrel and WTI up 0.5% at $66.64 a barrel. The increase hasn't offset recent losses, with Brent down 5.4% on week, and WTI down 5.3%. Prices have sharply declined since the U.S. imposition of tariffs on Canadian and Mexican imports, coinciding with major producers increasing output quotas for the first time since 2022, JPMorgan analysts say in a note. OPEC+ unexpectedly said on Monday that it will start raising output in April. That said, Brent is now trading below its fair value and short-term technical trading indicators have entered oversold territory, analysts say. JPM expects the price of Brent to average $73 a barrel in 2025, before slipping to $61 a barrel in 2026.(joseph.hoppe@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 06, 2025 08:33 ET (13:33 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_CL","symbol_name":"WTI原油","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2517509531","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2517509531","pubTimestamp":1741267980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1332 GMT - Oil prices rise, with Brent crude up 0.4% at $69.58 a barrel and WTI up 0.5% at $66.64 a barrel. The increase hasn't offset recent losses, with Brent down 5.4% on week, and WTI down 5.3%. Prices have sharply declined since the U.S. imposition of tariffs on Canadian and Mexican imports, coinciding with major producers increasing output quotas for the first time since 2022, JPMorgan analysts say in a note. OPEC+ unexpectedly said on Monday that it will start raising output in April. That said, Brent is now trading below its fair value and short-term technical trading indicators have entered oversold territory, analysts say. 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That said, Brent is now trading below its fair value and short-term technical trading indicators have entered oversold territory, analysts say. JPM expects the price of Brent to average $73 a barrel in 2025, before slipping to $61 a barrel in 2026.(joseph.hoppe@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 06, 2025 08:33 ET (13:33 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}