{"id":113261,"date":"2025-04-02T14:37:32","date_gmt":"2025-04-02T10:37:32","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=113261"},"modified":"2025-04-02T14:37:35","modified_gmt":"2025-04-02T10:37:35","slug":"oil-prices-steady-as-markets-await-trump-tariff-announcement","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-prices-steady-as-markets-await-trump-tariff-announcement\/04\/02\/market-updates\/","title":{"rendered":"Oil Prices Steady as Markets Await Trump Tariff Announcement"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Oil prices <strong>held steady on Wednesday<\/strong>, as traders remained <strong>cautious ahead of U.S. President Donald Trump&#8217;s tariff announcement at 2000 GMT<\/strong>. Concerns over <strong>potential trade war escalation<\/strong> and <strong>slower global demand for crude<\/strong> kept markets in check.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Brent crude futures<\/strong> fell <strong>$0.07 (-0.09%)<\/strong> to <strong>$74.42 per barrel<\/strong> by <strong>08:58 GMT<\/strong>.<\/li>\n\n\n\n<li><strong>West Texas Intermediate (WTI) crude<\/strong> slipped <strong>$0.05 (-0.07%)<\/strong> to <strong>$71.15 per barrel<\/strong>.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Trump\u2019s Tariffs Could Shake Global Trade and Oil Markets<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong>White House confirmed<\/strong> on Tuesday that <strong>Trump will impose new tariffs today<\/strong>, but <strong>specifics remain unclear<\/strong>.<\/li>\n\n\n\n<li>The tariffs could <strong>fuel inflation<\/strong>, <strong>slow economic growth<\/strong>, and <strong>exacerbate trade disputes<\/strong>, affecting global <strong>crude demand<\/strong>.<\/li>\n\n\n\n<li><strong>Potential tariffs on crude imports<\/strong> may <strong>increase refined product prices<\/strong>, further unsettling markets.<\/li>\n<\/ul>\n\n\n\n<p>For weeks, <strong>Trump has promoted April 2 as &#8220;Liberation Day&#8221;<\/strong>, with expectations that new <strong>duties will reshape global trade dynamics<\/strong>.<\/p>\n\n\n\n<p>The <strong>official announcement is scheduled for 4 p.m. ET (2000 GMT)<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>U.S. Sanctions on Russia and Iran Add to Oil Market Uncertainty<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Trump has threatened secondary tariffs on Russian oil<\/strong>, adding further <strong>supply-side concerns<\/strong>.<\/li>\n\n\n\n<li>On <strong>Monday<\/strong>, the administration <strong>tightened sanctions on Iran<\/strong>, reinforcing its <strong>&#8220;maximum pressure&#8221; strategy<\/strong> to <strong>curtail Iranian exports<\/strong>.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>U.S. Oil Inventories Show Mixed Signals<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>The latest data<\/strong> on <strong>U.S. crude and fuel stockpiles<\/strong> suggests an <strong>uncertain supply-demand outlook<\/strong>, with conflicting indicators in the <strong>world\u2019s largest producer and consumer of oil<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>As the market awaits <strong>Trump\u2019s official tariff details<\/strong>, <strong>oil traders remain on edge<\/strong>, bracing for potential <strong>disruptions to global supply chains and energy markets<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices held steady on Wednesday, as traders remained cautious ahead of U.S. President Donald Trump&#8217;s tariff announcement at 2000 GMT. Concerns over potential trade war escalation and slower global demand for crude kept markets in check. Brent crude futures fell $0.07 (-0.09%) to $74.42 per barrel by 08:58 GMT. West Texas Intermediate (WTI) crude &hellip;<\/p>\n","protected":false},"author":9,"featured_media":100911,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,36],"tags":[8431,6936],"class_list":["post-113261","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates","tag-iran","tag-oil-prices"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=113261"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113261\/revisions"}],"predecessor-version":[{"id":113262,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113261\/revisions\/113262"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/100911"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=113261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}