U.S. Tariffs Spark Oil Supply Worries

Traders Eye Supply Tightness and Tariff Pressures Light crude oil is posting a solid weekly gain, closing near $69.90 on Thursday, up roughly 2.4%, as traders responded to tightening global supply and rising geopolitical risks. However, prices struggled to sustain momentum above the $70 mark, constrained by macroeconomic uncertainty and strong technical resistance. The interplay between sanctions, tariffs, and demand signals created a complex backdrop that left traders weighing both upside potential and downside risks. U.S. Tariffs on Venezuela…