Crude Oil Price Outlook: Bullish Drivers to Sputter in Q3

Crude oil price action made an explosive move higher during Q2 with the commodity surging about 25% gain on balance. Oil outlook is less sanguine for 3Q, however, due to waning bullish impetus.

About Post Author

Ivy Chu

ivy@fonecable.com

Happy

0 %

Sad

0 %

Excited

0 %

Sleepy

0 %

Angry

0 %

Surprise

0 %

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | **CODE: SHOP100 / SHOP200 / SHOP300**

easypM6CaP — Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

HN4WOMAN — Sponsored by **Harvey Nichols** Founded in 1831, a British luxury department store.

ADVERTISEMENT

ICPUB

Iran Parliament Speaker condemns Trump threats over energy infrastructure 6 April 2026

Iran’s parliamentary speaker Mohammad Baqer Qalibaf condemned US President Donald Trump’s threats to target energy and transport infrastructure, saying he was being misled by Israel’s Prime Minister Benjamin Netanyahu, Reuters reported on Monday.

Silver Price Forecast: XAG/USD wobbles around $72.50 in countdown to Trump’s ultimatum 6 April 2026

Silver price (XAG/USD) trades 0.7% lower to near $72.50 in the late Asian trade on Monday, but is broadly consolidating in a limited range. The white metal turns sideways as investors await Iran’s response to United States (US) President Donald Trump’s ultimatum.

NZD/USD rebounds from four-month low; retakes 0.5700 as ceasefire talks weigh on USD 6 April 2026

The NZD/USD pair attracts some buyers near the 0.5680 region, or over a four-month trough retested during the Asian session on Monday, and for now, seems to have snapped a two-day losing streak.

Canadian Dollar strengthens on US–Iran ceasefire hopes 6 April 2026

The USD/CAD pair declines to around 1.3940 during the early European trading hours on Monday.

US Dollar Index Price Forecast: Maintains position above 100.00, nine-day EMA 6 April 2026

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is inching lower after two days of gains and trading around 100.10 during the Asian hours on Monday.

USD/INR rises as Middle East risks drag Indian Rupee 6 April 2026

The Indian Rupee (INR) falls after a flat opening against the US Dollar (USD) at the start of the Reserve Bank of India’s (RBI) monetary policy week.

Saudi Arabia Gold price today: Gold falls, according to FXStreet data 6 April 2026

Gold prices fell in Saudi Arabia on Monday, according to data compiled by FXStreet.

Singapore Retail Sales (MoM) increased to 57.5% in February from previous 6.1% 6 April 2026

Singapore Retail Sales (MoM) increased to 57.5% in February from previous 6.1%

Singapore Retail Sales (MoM): -4.1% (February) vs previous 6.1% 6 April 2026

Singapore Retail Sales (MoM): -4.1% (February) vs previous 6.1%

India HSBC Services PMI above expectations (57.4) in March: Actual (57.5) 6 April 2026

India HSBC Services PMI above expectations (57.4) in March: Actual (57.5)

India HSBC Composite PMI came in at 57, above expectations (56.5) in March 6 April 2026

India HSBC Composite PMI came in at 57, above expectations (56.5) in March

Philippines Gold price today: Gold falls, according to FXStreet data 6 April 2026

Gold prices fell in Philippines on Monday, according to data compiled by FXStreet.

Singapore Retail Sales (YoY) increased to 8.3% in February from previous -0.4% 6 April 2026

Singapore Retail Sales (YoY) increased to 8.3% in February from previous -0.4%

Singapore Retail Sales (MoM) dipped from previous 6.1% to -4.1% in February 6 April 2026

Singapore Retail Sales (MoM) dipped from previous 6.1% to -4.1% in February

Gold bounces off $4,600 as push for US-Iran ceasefire weigh on USD; upside seems capped 6 April 2026

Gold (XAU/USD) finds some support and rebounds from the $4,600 mark during the Asian session on Monday, though it lacks follow-through buying.

United Arab Emirates Gold price today: Gold falls, according to FXStreet data 6 April 2026

Gold prices fell in United Arab Emirates on Monday, according to data compiled by FXStreet.

Pakistan Gold price today: Gold falls, according to FXStreet data 6 April 2026

Gold prices fell in Pakistan on Monday, according to data compiled by FXStreet.

Pound Sterling Price News and Forecast: GBP/USD gains some positive traction 6 April 2026

The GBP/USD pair attracts some dip-buyers near the 1.3175 region during the Asian session on Monday, and for now, seems to have snapped a two-day losing streak.

USD/CHF holds gains above 0.8000 despite reports of US-Iran ceasefire talks 6 April 2026

USD/CHF extends its winning streak for the third consecutive day, trading around 0.8010 during the Asian hours on Monday. The pair appreciated as the US Dollar (USD) gained ground amid increased safe-haven demand on heightened uncertainty in the Middle East.

India Gold price today: Gold falls, according to FXStreet data 6 April 2026

Gold prices fell in India on Monday, according to data compiled by FXStreet.

Breaking News

A border inside the UK brings Northern Ireland closer to the republic December 31, 2020 at 05:09PM

A beloved Canadian soy sauce runs out December 31, 2020 at 05:09PM

Britain’s relationship with the EU will look like Switzerland’s December 31, 2020 at 05:09PM

What to expect in 2021 according to prediction markets December 31, 2020 at 05:09PM

Russia menaces Alexei Navalny after he exposed its agents’ ineptitude December 31, 2020 at 05:09PM

The next big thing in retail comes with Chinese characteristics December 31, 2020 at 05:09PM

Jobless Cambodians are catching rats to feed Vietnamese city dwellers December 31, 2020 at 05:09PM

Why Chinese tipplers like Chilean wine December 31, 2020 at 05:09PM

Pakistan has fenced itself off from Afghanistan December 31, 2020 at 05:09PM

Congress injects a further $900bn of stimulus into the American economy December 31, 2020 at 05:09PM

Crude Oil Price Outlook: Bullish Drivers to Sputter in Q3

About Post Author

Ivy Chu

ADVERTISEMENT

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | CODE: SHOP100 / SHOP200 / SHOP300

ADVERTISEMENT

Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

The Most Volatile Currency Pairs and How to Trade Them