Oil prices on track for weekly gain as tariff fears fade
Portfolio Pulse from
Oil prices are set for a weekly gain as fears of new tariffs by President Trump on U.S. trading partners subside. This development has helped oil futures recover from three consecutive weeks of losses.
February 14, 2025 | 1:15 pm
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POSITIVE IMPACT
The United States Brent Oil Fund (BNO) is likely to see a positive impact as oil prices are set for a weekly gain due to reduced tariff fears.
BNO, which tracks Brent oil prices, will benefit from the rise in oil prices as fears of new tariffs by President Trump have diminished. This is likely to end the recent trend of weekly losses.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80