BRICS Oil Prices Under Pressure as US Dollar Strengthens

Oil prices are facing significant headwinds as the U.S. dollar continues its upward trend. The strengthening of the U.S. dollar is a cause for concern as oil prices remain under pressure in international markets.

The U S dollar reached a 10-month high against all local currencies including the BRICS bloc, and the USD is now keeping global oil prices under pressure. This situation is compounded by fears of higher-for-longer interest rates, fueling concerns of demand destruction. The 28 de sept. de 2025.

Oil prices rise in early trade but continue to be under pressure amid risk-off sentiment across global markets and U.S. tariff threats. Brent crude and WTI are both up 0.6%. Despite this, the overall trend remains bearish.

Concerns are also growing over potential moves by OPEC. Oil Prices Under Pressure From the Prospect of Another OPEC Hike. Crude oil futures fell for the week as bearish U.S. inventory data, according to reports 15 hours ago.

The BRICS nations' efforts to reduce dependence on the dollar in oil trade aim to insulate themselves from the potential impact of U.S.-led economic sanctions. However, the current strength of the U.S. dollar presents an immediate challenge.

Some analysts, like Goldman Sachs, warn that rising tensions between BRICS and the US could, paradoxically, push oil prices higher in the long run. Trump has strongly opposed BRICS’ move to reduce reliance on the dollar. The 28 de sept. de 2025.

The complex interplay of factors, including U.S. economic policy and global political tensions, continues to influence oil market dynamics. Hace 4 días Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats Amid Signs Of Progress In U.S. – Iran Talks Tue, GMT Pancake Swap (CAKE) Rally Eyes $3 After 26 de sept. de 2025.