Onewave News – August 11, 2025
Oil prices continued their downward trend in early Asian trading Monday, extending last week’s 4% decline as traders weighed U.S.-Russia peace talks, fresh tariffs, and an OPEC output boost.
Brent crude slipped $0.52 (0.78%) to $66.07 a barrel, while U.S. West Texas Intermediate (WTI) fell $0.58 to $63.30. The drop comes as expectations rise for a potential Ukraine ceasefire deal that could ease sanctions on Russian oil exports.
U.S. President Donald Trump confirmed he will meet Russian President Vladimir Putin on August 15 in Alaska to negotiate an end to the war. Failure to reach a deal could trigger tougher penalties on Moscow, with secondary sanctions looming for buyers of Russian oil. Trump has also pressed India to cut purchases.
Meanwhile, markets await Tuesday’s U.S. inflation data, a potential catalyst for oil demand forecasts. Analysts note that a weaker-than-expected CPI could bolster hopes for earlier and deeper Federal Reserve rate cuts, stimulating global growth and fuel demand. Conversely, hotter inflation could raise stagflation fears and delay easing.
The oil market is also under pressure from higher U.S. tariffs on dozens of countries, implemented last Thursday, which threaten global trade flows and inflation levels by disrupting supply chains.
