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1 Apr 2025

Brent oil price back at $75 – Commerzbank

The initial market reaction to Trump's threat of secondary tariffs on Russian oil was muted. Oil prices only started to rise in the course of trading yesterday, Commerzbank's commodity analyst Carsten Fritsch notes. 

Trump is set to announce a whole series of tariffs

"This morning, Brent reached the $75 per barrel mark for the first time since the end of February. However, it is unlikely to rise much further. This is because the gradual reversal of the voluntary production cuts by eight OPEC+ countries begins today, which will increase the oil supply by just under 140 thousand barrels per day." 

"At the same time, compensatory production cuts are to be made to offset previous overproduction, which could also reduce the expansion in production. However, last year's experience calls for scepticism regarding the implementation of these cuts." 

"In addition, US President Trump is set to announce a whole series of tariffs, which could push demand concerns on the oil market back into focus. We can therefore envisage oil prices falling again in the coming days."

Apr 1, 2025

Silver Price Forecast: XAG/USD faces pressure around $34, Trump tariffs remain key

Silver price (XAG/USD) trades cautiously around $34.00 in Tuesday’s North American session.
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Apr 1, 2025

European gas price with limited downside – Commerzbank

The European gas price (TTF) has fallen back to around EUR40 per MWh over the past week, Commerzbank's commodity analyst Thu Lan Nguyen notes.
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