Published 2 days ago • loading... • Updated 10 hours ago

Oil Steadies After Early Surge as Traders Mull Moody’s Downgrade

Oil prices steadied on Monday, May 19, 2025, with Brent near $65.47 and WTI around $62.60 per barrel after an early drop in Singapore trading.
The stabilization followed Moody’s downgrade of the U.S. Credit rating Friday and ongoing geopolitical risks including Ukraine war talks and U.S.-Iran nuclear negotiations.
Additional factors include a 90-day U.S.-China trade truce that lifted prices last week, mixed Chinese economic data, potential oversupply from OPEC+, and modest U.S. Dollar weakness supporting commodities.
Warren Patterson, ING’s Head of Commodities Strategy, emphasized that the market is closely watching for signs that tensions might ease, including outcomes from the Trump-Putin call and developments in talks with Iran.
Despite some geopolitical support, uncertainty around global demand, supply decisions by OPEC+, and economic indicators suggests oil prices could remain range-bound in the near term.

Insights by Ground AI

Does this summary seem wrong?

13 Articles

All

Left

Center

Right

The Rio Times

Lean Right

Energy Market Snapshot: Crude Oil Trading Patterns and Supply-Demand Dynamics for May 19

Oil prices have stabilized this morning after an initial dip, with market participants closely monitoring geopolitical developments and economic indicators that could impact global energy demand. Both Brent and WTI crude have shown modest movements as traders assess multiple factors affecting the market. Current Price Levels As of Monday morning, May 19, 2025: Brent Crude: […]

23 hours ago·Brazil

Read Full Article

Financial Post

Lean Right

Oil Fluctuates With Ukraine War Talks and US Outlook in Focus

Oil prices swung between small losses and gains as investors await details on talks to end the war in Ukraine and worries about demand persist following the downgra…

1 day ago·Canada

Read Full Article

Bloomberg

Lean Left

Oil Steadies After Early Surge as Traders Mull Moody’s Downgrade

Oil steadied after an early drop, with talks to end the war in Ukraine and a lowering of the US credit rating in focus.

1 day ago·United States

Read Full Article

censor.net

Lean Left

The United States Will Continue Efforts to End the War if the Proposals of Ukraine and Russia Show Concessions and a Realistic Approach,

The United States will continue efforts to end the war in Ukraine if Ukraine and Russia prepare documents in the next few days that show readiness for concessions and a “realistic and rational” approach.

2 days ago

Read Full Article

3yonnewsi

Oil Goes up at the End of the Two Deals.

Direct: Oil prices on world markets have shifted to...

10 hours ago

Read Full Article

Barchart.com

Crude Oil Prices Gain on Dollar Weakens and Doubts Over an Iran Nuclear Deal

June WTI crude oil (CLM25 ) Monday closed up +0.20 (+0.32%) and June RBOB gasoline (RBM25 ) closed down -0.0030 (-0.14%). Crude oil prices on Monday recovered from early losses and settled slightly higher on the decline in the dollar index (DXY00 ) to a 1-week low. Crude also has...

11 hours ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year