Market Analysis by Miro Svoboda, Investment Advisor, Harbourfront Wealth – Sonora Wealth Group
February 25, 2025 –
“Crude oil prices could remain under pressure, weighed down by expectations of a resumption in exports from Kurdistan’s oilfields. The latter could potentially lead to an additional inflow of 185,000 barrels per day into the market, intensifying concerns of a market surplus and fueling further selling pressure.
Meanwhile, geopolitical tensions add to the uncertainty surrounding the direction of the markets. As the Ukraine-Russia conflict continues, peace talks raise the prospect of a diplomatic breakthrough, potentially exacerbating oversupply fears. However, any setbacks in negotiations should lend temporary support to oil prices. At the same time, the ceasefire in Gaza remains tenuous. A return to confrontation could fuel disruption concerns, offering crude prices some relief.
This clouded short-term outlook should continue to exert pressure on oil-exporting economies, including Canada. Lower crude prices should aggravate public finances and corporate earnings in the energy sector, endangering domestic economic growth.”
Miro Svoboda, Investment Advisor, Harbourfront Wealth – Sonora Wealth Group