Trump tariffs-led spike in energy prices is temporary, oil prices could ‘plummet' as global growth slows
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Oil prices are expected to fall in the long term despite a temporary spike due to tariffs imposed by President Trump on Canada and Mexico. Industry experts suggest that the current increase in energy prices is not sustainable as global growth slows.
February 03, 2025 | 5:30 am
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The United States Brent Oil Fund (BNO) may experience short-term volatility due to the temporary spike in oil prices caused by Trump's tariffs. However, a long-term decline is expected as global growth slows.
BNO, which tracks Brent crude oil prices, is likely to be affected by the temporary increase in oil prices due to tariffs. However, the expected long-term decline in oil prices as global growth slows suggests a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80