Oil prices rebounded due to tariff pause, but demand outlook is uncertain & fragile

From Investing.com: 2025-04-10 01:43:00

President Trump surprised markets by pausing reciprocal tariffs for 90 days, boosting risk assets like commodities. However, uncertainty remains as the US increased tariffs on China. Energy prices rallied, but global growth concerns linger. Oil market balance is softer, with US inventory data showing a rise in crude stocks. Gasoline and distillate stocks fell. European gas prices dropped, but could rise due to the tariff pause. Copper and base metals rallied on the tariff pause, but uncertainty persists. Prolonged trade war could weaken demand. Agriculture market awaits USDA’s WASDE report, expecting changes in ending stock estimates for corn, soybean, and wheat.



Read more at Investing.com: Oil Rebounds on Tariff Pause, but Demand Outlook Remains Fragile