Trade War Uncertainty Keeps Oil Traders on Edge

Crude oil prices remain under pressure, struggling to gain upside traction as bearish fundamentals dominate sentiment. A combination of OPEC+ supply hikes, trade war escalations, and weak demand indicators has kept oil bulls at bay, reinforcing a bearish outlook for the market. While a short-term technical rebound was observed, the broader downtrend remains intact. OPEC+ Production Hike Adds to Bearish Sentiment OPEC+ surprised the market with its decision to raise production quotas for the first time since 2022, adding 138,000 barrels per day…