Oil prices on track for February losses on worries over tariffs, economic outlook
Portfolio Pulse from
Oil prices are set to end February with losses due to concerns over global economic outlook and trade tensions from the Trump administration's tariff plans.
February 28, 2025 | 1:00 pm
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NEGATIVE IMPACT
BNO, an oil ETF, is likely to be impacted by the decline in oil prices due to global economic concerns and US tariff plans.
BNO, being an oil ETF, is directly affected by changes in oil prices. The current decline in oil prices due to economic and trade concerns is likely to negatively impact BNO in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80