Oil Price Jumps: Geopolitics and Tariffs
Update: 2025-09-10
Description
Oil prices spiked on news of an Israeli attack and Trump's tariff threats, but the surge was short-lived. China and India's role in buying Russian oil is key, and potential tariffs could disrupt the market. Traders are also watching the Federal Reserve for possible interest rate cuts that could boost demand, but rising oil inventories and increased OPEC Plus production may ultimately keep prices down.
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