Limited support on the demand side
- Seasonal factors: The U.S. summer travel peak has begun, with gasoline demand increasing by approximately 3% month-on-month, but warm winter conditions have caused heating oil consumption to decline by 5% year-on-year .
- Economic outlook: Expectations for a slowdown in global economic growth have intensified, with the International Monetary Fund (IMF) latest report cutting its 2025 global GDP growth forecast to 2.8%. Downgraded growth expectations for major economies may curb crude oil consumption potential .
- New energy substitution: Global new energy vehicle sales grew by 25% year-on-year in 2025, and combined with improvements in fuel efficiency, the elasticity of crude oil demand continues to decline.
USOIL next week trend analysis, hope it helps you
USOIL SELL61~60.5
SL:62
TP:60~59.5
- Seasonal factors: The U.S. summer travel peak has begun, with gasoline demand increasing by approximately 3% month-on-month, but warm winter conditions have caused heating oil consumption to decline by 5% year-on-year .
- Economic outlook: Expectations for a slowdown in global economic growth have intensified, with the International Monetary Fund (IMF) latest report cutting its 2025 global GDP growth forecast to 2.8%. Downgraded growth expectations for major economies may curb crude oil consumption potential .
- New energy substitution: Global new energy vehicle sales grew by 25% year-on-year in 2025, and combined with improvements in fuel efficiency, the elasticity of crude oil demand continues to decline.
USOIL next week trend analysis, hope it helps you
USOIL SELL61~60.5
SL:62
TP:60~59.5
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.