DBG Shield Bo official website: After the oil price fell back, it rebounded slightly, maintained range fluctuations, and waited for the inventory data to land

Brent crude futures rose 51 cents, or 0.8 per cent, to $66.77 a barrel in Asian trading on Tuesday, while US WTI crude rose 51 cents, or 0.8 per cent, to $63.59 a barrelDBG Dunbo official websiteIt was mainly driven by technical covering from the previous trading day's decline.

"After Monday's sharp sell-off, some short covering operations provided support, but the overall market remains uncertain," said Hiroyuki Kikukawa, chief strategist at Nissan Securities' investment arm.

The economic headwinds are unresolved, and the rise in oil prices lacks sustained momentum

Despite the short-term rebound, oil prices are still under multiple pressures: one is the escalating global trade concerns, and the market is worried that it will weigh on global economic growth, especially the deterioration of the outlook for the United States as the world's largest crude oil consumer.

The second is that the Federal Reserve's policy path is unclear, and Trump has repeatedly pressured for interest rate cuts, raising concerns about the independence of the Federal Reserve.

Mr. Kikukawa added: "The lack of market confidence in Fed policy, coupled with rising recession fears, will limit further upside for crude oil. WTI is likely to remain in the $55- $65 range in the near term."

Markets are cautious about the outlook for the U.S. economy

According to market research, more than half of investors believe that the current tariff policy will cause a high probability of US recession in the next 12 months, and the median market forecast for a recession is close to 50%. This prospect directly affects crude oil demand expectations.

Meanwhile, US President Donald Trump on Monday renewed his public criticism of Federal Reserve Chairperson Jerome Powell, saying the US economy risked a slowdown unless interest rates were cut soon, fuelling concerns about the Fed's independence and sending the Nasdaq index lower and the dollar index to a three-year low.

Russia downgrades oil forecast, global demand confidence is low

The Russian economy ministry recently lowered its forecast for the average price of Brent crude in 2025, down nearly 17 per cent from its September forecast, reflecting the cautious outlook for future demand and prices among the world's leading producers.

Inventory data may bring short-term fluctuations

U.S. crude oil and gasoline inventories are expected to decline last week, while distillate inventories are likely to increase, according to market research on Monday. The market is watching upcoming data from the U.S. Energy Information Administration (EIA) and the American Petroleum Institute (API) to judge the impact of inventory changes on oil prices.

Editorial opinion:

The current oil price is in a fragile rebound stage, supported more by short-term technical factors than fundamental improvements. Trade concerns and policy uncertainty are continuing to weaken market confidence, making it difficult to break through key resistance areas in the short term.

Unless there is a real improvement in the global demand outlook or a sharp decline in inventories, crude oil prices are likely to remain in a volatile range. Watching whether WTI can effectively hold above $60 will be a bellwether for future movements.