Oil Prices Hold Steady Amid Trade Uncertainty and OPEC+ Supply Concerns​

 On Monday, April 28, 2025, oil prices remained stable as markets weighed ongoing U.S.-China trade tensions and potential supply increases from OPEC+.​

Brent crude hovered near $67 per barrel, while West Texas Intermediate (WTI) traded around $63.11, reflecting a cautious market sentiment following last week's declines of approximately 1.6% for both benchmarks .​

Investors are closely monitoring the upcoming OPEC+ meeting scheduled for May 5, where discussions may include advancing planned production increases. Analysts suggest that the anticipation of higher supply is influencing current price stability 

Additionally, uncertainty surrounding U.S.-China trade negotiations continues to impact market dynamics. Conflicting statements from both governments have left investors uncertain about future demand prospects 

In the Middle East, major Gulf stock markets experienced modest gains, supported by corporate earnings expectations. However, the broader market sentiment remains tempered by the global economic outlook and potential shifts in oil supply 

As the market awaits further clarity on trade developments and OPEC+ decisions, oil prices are expected to remain sensitive to geopolitical and economic indicators in the coming days