Market comments on behalf of Li Xing Financial Markets Strategist Consultant to Exness

2025-06-11 02:16:15

(MENAFN- Your Mind Media ) 9th June 2025

Crude oil prices were relatively stable as traders considered Chinese trade data and US-China trade developments. Growing optimism ahead of U.S.-China trade talks in London raised hopes of a deal. The latter could reduce risks to global growth and help support oil demand. However, the lack of clear results could weigh on the market as traders revise the impact of trade tensions on oil demand.

Nonetheless, concerns persisted over slowing Chinese exports and declining imports, including crude imports. Headwinds stemming from trade frictions and domestic economic pressures could continue to affect Chinese trade figures, adding to the caution on the market.

At the same time, OPEC+’s plans for accelerated output increases threaten to weigh on prices. However, supply disruptions in Canada and robust U.S. fuel demand over the summer driving season could offer some relief. Traders could monitor this we’k’s crude inventory data to gauge the direction of energy products demand in the US, where any surprises could fuel volatility.
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