Short Term Demand Concerns Weigh on Oil

Crude oil markets remain under pressure this week as rising U.S. inventories, escalating U.S.-China trade tensions, and demand uncertainties continue to fuel volatility. After an initial rally driven by tariff concerns, prices have struggled to sustain gains, as traders digest the broader economic risks impacting supply and demand fundamentals. Trump Administration Postpones Canada-Mexico Tariffs, But Trade Risks Persist The Trump administration has delayed the implementation of new tariffs on Canadian and Mexican energy imports for 30 days, temporarily…