Oil Steady as Tariff Uncertainty Keeps Investors on Edge
Oil prices held steady on Monday as concern over the impact of U.S. tariff uncertainty and rising output from OPEC+ producers pressured prices while potential sanctions on Iranian oil exports provided some support. WTI and Brent benchmarks register multiple weekly declines, with Brent falling for a third consecutive week, while U.S. West Texas Intermediate crude was at $67.14, also up 10 cents. Investors view uncertainty over U.S. tariffs as negative, but possible sanctions against Iran and Russia could provide support in the short term.
- The prolonged period of tariff-related volatility may have become a permanent fixture on investors' risk assessments, leading to increased scrutiny of commodity prices and market stability.
- Will the oil market's sensitivity to U.S. trade policies continue to be a driving force behind price swings, or will other factors such as geopolitics and macroeconomic trends begin to gain more prominence?