Crude oil prices rose on Monday, despite investor concerns over U.S. President Donald Trump's new tariff threat on steel and aluminum, which could slow global economic growth and reduce energy demand.
\ud83d\udcc8 Brent crude: +0.7% at $75.17 per barrel
\ud83d\udcc8 WTI crude: +0.6% at $71.45 per barrel
\ud83d\udd3b However, oil prices posted a third consecutive weekly decline last week due to trade war fears.
\ud83d\udea8 Trump’s Trade War Escalation
\ud83d\udd39 25% tariffs on steel and aluminum imports to be announced Monday.
\ud83d\udd39 China’s retaliatory tariffs on U.S. exports take effect today.
\ud83d\udd39 Investors are cautious but less reactive to tariff headlines after previous policy reversals.
\ud83d\udca1 "Markets realize tariff threats may continue for months, but could also be reversed or increased," says Tony Sycamore, analyst at IG.
\ud83d\udea2 Energy Market Implications
\ud83d\udd39 Oil and gas traders are seeking waivers from Beijing for U.S. crude and LNG imports.
\ud83d\udd39 Russian oil sanctions remain in focus as geopolitical tensions persist.
\ud83d\udd39 U.S.-Russia talks on Ukraine war may impact oil supply dynamics.
\ud83d\udcca Market watchers will monitor:
\u2705 China-U.S. trade negotiations and possible energy waivers.
\u2705 U.S. inflation data for clues on Fed’s rate policy and oil demand outlook.
\u2705 Global supply risks, including Russia sanctions and OPEC production levels.
For deeper insights into commodity price movements, check:
\ud83d\udccc Commodities API
\ud83d\udccc Economics Calendar API
