China’s latest import data showed crude arrivals up 9% year-on-year, underpinning bullish sentiment in trading crude oil futures. Spot market premiums in Asia reinforce the futures curve structure, maintaining backwardation into Q Part of the problem is an approaching supply glut, keeping prices depressed. Gasoline demand in the US is expected to rise only slightly in 2026 . Meanwhile, more electricity consumption is expected to see its largest share of demand met by solar power . Oil consumption has also fallen throughout much of the rest of the world , including Europe, Central Asia, Latin America, and China. Founded in 2010 by a team of seasoned and enthusiastic traders, Pepperstone is now among the most popular brokers for trading WTI oil. Pepperstone offers more than 180 trading instruments across currency indices, equities, cryptocurrencies, commodities, and currency pairs, among others. Those who choose to trade commodities with Pepperstone will benefit from top-tier liquidity, competitive spreads, fast execution, and no dealing-desk intervention. Seasonal hurricane risk in the Gulf of Mexico is beginning to be priced into trading crude oil futures. Supply chain models suggest even minor disruptions could add $3-$5 to spot prices in the short term. Offshore rig operators are monitoring storm formations closely.
