Us Tariff Threats Slam Oil Prices Down
Oil posted its largest monthly loss since September as escalating tariff threats from President Trump reduced investors' risk appetite, strengthened the dollar, and clouded the outlook for energy demand. The US relies heavily on oil imports from Canada and Mexico to feed its refineries, which could raise oil costs if tariffs are imposed. Meanwhile, higher charges on all other goods pose risks to economic growth and consumer confidence.
- This month's decline highlights the volatile nature of global trade tensions and their impact on commodity prices, as investors' risk appetite is increasingly tied to the trajectory of US trade policy.
- Can the rapidly evolving landscape of oil market dynamics, with its interplay between supply and demand, be adequately managed by policymakers and market participants to mitigate the risks associated with rising tariffs?