Trade Tensions Cloud Oil Outlook Despite Global Supply Headwinds

Oil prices fell for a fourth straight session on Wednesday, with lingering uncertainty over looming tariffs by the Trump administration continuing to dampen sentiment ahead of the August 1 deadline, which a Mizuho analyst described for Seeking Alpha as “a possible demand destruction event”. The European Union is reportedly exploring potential counter-measures against the U.S. as the deadline approaches, and on Tuesday, U.S. President Donald Trump set a 15% reciprocal tariff on Japan’s exports to the U.S. Japan cut auto duties,…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com