Trump's New Tariffs Boost Oil Prices Despite Potential Demand Consequences

Oil prices are climbing after Trump imposed new tariffs on steel and aluminum, even if they will likely be disruptive for global economic growth.- Europe’s TTF natural gas benchmark rose to €59 per MWh ($19.50 per mmBtu) this week, the highest continental futures have been since February 2023 after posting four consecutive weeks of gains in 2025. - This week’s scare has come from meteorologists as average temperatures in Northwest Europe are set to drop below 0 degrees Celsius next week, the lowest in a year, as Arctic air will…