Crude Oil Prices Under Pressure From Tariffs But Bullish Market Outlook Remains Strong
Key Points:Crude oil slipped Friday, but WTI still booked a 6.6% weekly gain as traders assessed tariff and supply-side risks.New U.S. tariffs up to 41% on imports from India, Canada, and Taiwan raise concerns about oil demand and inflation.Analysts warn tariffs may drive up domestic prices and slow growth, pressuring the crude oil outlook going forward.Crude Oil Slips on Tariff Tensions, but Market Eyes Key Technical LevelsLight crude oil futures were under slight pressure for a second session