Oil markets are feeling the heat as prices tumble for the third straight week, weighed down by mounting tariff concerns. The black gold, once riding high, now finds itself on shaky ground as trade tensions cast long shadows over global demand.
With tariffs tightening their grip on key economies, fears of a slowdown have sent shockwaves through the energy sector. Investors, once bullish on oil, are now treading cautiously, bracing for potential disruptions in trade and manufacturing. The uncertainty has drained momentum, keeping crude prices in a downward spiral.
Adding to the pressure, supply-side factors are offering little relief. Despite production cuts from major oil producers, market sentiment remains fragile. Speculators eye every geopolitical development, but the fear of weaker global consumption keeps optimism in check.
As the week closes, all eyes remain on policymakers. Will they navigate through the storm, or will escalating trade disputes deepen the slump? For now, the oil market remains in a tug-of-war between supply constraints and economic uncertainty, with prices teetering on the edge.
If tariff troubles persist, oil’s rough ride may be far from over.
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PRESS UPDATE