Oil prices steady as market awaits fresh US tariffs
Portfolio Pulse from
Oil prices remained stable on Wednesday amid anticipation of new U.S. tariffs and ongoing geopolitical tensions. The market is watching for potential trade war implications, U.S. inventory data, and an upcoming OPEC+ meeting that could impact global oil production.
April 02, 2025 | 1:15 am
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NEUTRAL IMPACT
The United States Oil Fund may experience price fluctuations due to potential new tariffs and geopolitical uncertainties in the oil market.
New tariffs and geopolitical tensions could create market uncertainty, potentially leading to neutral short-term price movement for oil-related ETFs.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80