Natural Gas and Oil Forecast: Tariff Tensions Fuel Volatility Ahead of OPEC+ Meet
Portfolio Pulse from
Energy markets are experiencing volatility due to potential U.S. trade tariffs, geopolitical risks, and upcoming OPEC+ talks. WTI crude oil is trading near $71, with API data showing a 6 million barrel rise in U.S. crude inventories. Natural gas is hovering around $3.95, caught in a descending triangle pattern.
April 02, 2025 | 8:30 am
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NEUTRAL IMPACT
United States Oil Fund may experience price fluctuations due to potential trade tariffs, API inventory data, and upcoming OPEC+ meetings.
The oil market's current uncertainty suggests a neutral short-term outlook for USO, with potential for both upside and downside movements depending on geopolitical developments and OPEC+ decisions.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80