The expiration of the extended US import tariffs on Canada and Mexico next Wednesday may impact USOIL:
Supply: Tariffs could disrupt US-Canada crude oil trade, cutting US supply and raising prices. Trade pattern changes may also affect global supply and USOIL prices.
Demand: Tariffs may slow economic growth, reducing crude oil demand and exerting downward price pressure. Uncertainty dampens consumer and business confidence, further suppressing demand.
Market Sentiment & Finance: Policy changes heighten uncertainty, making investors cautious and increasing USOIL price volatility. Capital may flow out, pressuring prices, but portfolio adjustments for hedging could support them.
Also, OPEC and non-OPEC plans to end production cuts in April may boost global supply and lower USOIL prices.
Supply: Tariffs could disrupt US-Canada crude oil trade, cutting US supply and raising prices. Trade pattern changes may also affect global supply and USOIL prices.
Demand: Tariffs may slow economic growth, reducing crude oil demand and exerting downward price pressure. Uncertainty dampens consumer and business confidence, further suppressing demand.
Market Sentiment & Finance: Policy changes heighten uncertainty, making investors cautious and increasing USOIL price volatility. Capital may flow out, pressuring prices, but portfolio adjustments for hedging could support them.
Also, OPEC and non-OPEC plans to end production cuts in April may boost global supply and lower USOIL prices.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.