February 07, 2025 17:28 GMT
OIL: Slight Oil Recovery Following Further Trump Tariff Threats
OIL
Further flurry of Trump headlines giving slight recovery to oil after earlier Reuters headlines caused sell off potentially suggesting more imminent reciprocal tariffs.
- Again, markets trying to price in risks against fairly vague comments. U.S. dollar finding more support.
- Trump threatens reciprocal tariffs on “many” countries “next week” in latest headers
- "TRUMP: WILL ANNOUNCE RECIPROCAL TARIFFS NEXT WEEK ON MANY COUNTRIES" – rtrs
- "*TRUMP SAYS TARIFFS ON JAPAN ARE AN OPTION" – bbg
- "*TRUMP SAYS HE WILL MAKE ANNOUNCEMENT NEXT WK ON RECIPROAL TRADE" - bbg
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