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Oil prices slip as 'demand picture remains in question' amid tariff risks
Oil swung from gains to losses on Friday as traders weighed the prospects of retaliatory US tariffs with supply implications from stricter US policy against Iran. West Texas Intermediate crude (CL=F) pared gains to fall below the flatline, on track to end the week negative, while Brent futures (BZ=F) also declined but were on pace to break a three-week losing streak. Oil gained as much as 1% on Friday amid supply worries after Treasury Secretary Scott Bessent told Fox Business, "We are committed to bringing the Iranians to going back to 100,000 barrels per day of exports, as when Trump left office." Last week, the ... (full story)
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From @financialjuice|Feb 14, 2025|2 commentspost:
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- Posted: Feb 14, 2025 2:30pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 122
