Natural Gas and Oil Forecast: Market on Edge as Tariff Concerns Weigh on Demand
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Oil prices are under pressure due to increasing U.S. stockpiles and concerns over tariffs affecting demand. The market is uncertain if strong refinery margins can support a rebound.
February 12, 2025 | 6:45 am
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BNO, an ETF tracking Brent crude oil, may experience short-term price pressure due to rising U.S. stockpiles and tariff concerns impacting oil demand.
BNO is directly affected by changes in oil prices. The article highlights factors like rising U.S. stockpiles and tariff concerns, which are likely to negatively impact oil prices and, consequently, BNO's performance.
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