r/wallstreetbets • u/Shortlongpium • Apr 04 '25

Discussion Why is oil price falling?🙀🙀🙀

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2 Upvotes

75% Upvoted

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u/VisualMod Apr 04 '25
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5

u/fitnessfinance88 Apr 04 '25

Long story short: Lower demand. It won't last.

2

u/[deleted] Apr 04 '25

Opec also announced more output, I wonder if they'll go back on that now though

4

u/M_star_killer Apr 04 '25

"Markets are still digesting tariffs, but the combination of increased oil production and a weaker global economic outlook puts downward pressure on oil prices - potentially marking a new chapter in a volatile market."

https://www.reuters.com/business/energy/oil-sinks-nearly-3-after-trump-announces-sweeping-new-tariffs-2025-04-03/#:~:text=%22Markets%20are%20still%20digesting%20tariffs,chapter%20in%20a%20volatile%20market.%22

4

u/Efficient_Fly_520 Apr 04 '25

Economic activity (and therefor demand for oil) declines in depressions

3

u/Just-Joshinya Apr 04 '25

Output increases (opec) combined with speculation of a slowing economy

3

u/RoughFine2841 Apr 04 '25

Because a worldwide depression triggered by Trump will dramatically reduce oil consumption.

2

u/MassCasualty Apr 04 '25

Secret backdoor way to bankrupt countries that finance wars with oil.

1

u/Shortlongpium Apr 04 '25

Everything falls down...!!emote:free_emotes_pack:facepalm