Crude Oil Stuck in Range as Demand Signals Awaited — Phillip Nova

Crude oil remains range-bound with few catalysts for gains until clearer macro and demand cues emerge, says Phillip Nova’s Priyanka Sachdeva. She notes supply is set to outpace consumption in 2025–26, keeping the market’s bias lower. Geopolitical risks persist: a U.S.-Russia trade breakthrough could boost supply, while higher U.S. tariffs may dampen global manufacturing and trade. Sachdeva advises investors to stay tactical, monitor inventory and demand data, and prepare for volatility from political and trade developments. WTI is up 0.4% at $62.88/bbl; Brent gains 0.4% to $65.89/bbl.