Hedge Funds Cut Bullish Oil Bets Aggressively

US Steel Tariffs Slap Hard, Until They Don’t - The US has imposed 25% tariffs on imported steel and aluminium, and even though President Trump’s threats of doubling that rate for Canada were subsequently cleared, the measure is bound to have a profound impact on US metallurgy.   - Canada remains the largest supplier of steel mill products and aluminium to the United States, accounting for a little more than a quarter of steel imports in 2024 with a total of 6.6 million tonnes. - The impact on aluminium might be even bigger, as…