29.07.2025
Market commentary on heating oil 29.07.2025
The movements in the oil market are almost without exception connected to the hyperactivities of one-man show Donald Trump. After he imposed a ceasefire on the Israelis in their preventive project against Iran, the powder smoke in the nuclear conflict dissipated relatively quickly, which also led to a calming of the temporarily somewhat higher prices.
Currently, his customs agreement with the European Union is causing a strengthening of the quotations: experts assume that every amicable solution in the customs issue brings a positive impulse for the global economy, which would be accompanied by correspondingly robust demand. In addition, Trump’s latest ultimatum to warmonger Putin hangs like a Damocles sword over the currently rather relaxed supply situation: his originally scheduled 50-day deadline to Russia to finally demonstrate serious peace efforts has just been shortened to 10 or 12 days. Otherwise, massive tariffs would threaten anyone who wishes to continue trade relations with Moscow. So it still seems that there is quite a lot of potential for turbulent times, with boredom not to be expected for the foreseeable future.