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2025-07-30 16:23:35
Oil Market Shock: Trump's Tariff Talk Creates Huge Waves, Is Seven Million Barrels of Supply Hanging on the Line? ⑴ International oil prices continued their upward trend due to Trump's tariff remarks. ⑵ Brent crude and WTI crude both rose 0.6%, having already closed up over 3.5% the previous trading day. ⑶ ING noted that if Moscow fails to reach a ceasefire agreement with Ukraine within 10 days, the United States will impose tariffs on Russia. ⑷ ING emphasized that the impact of US sanctions on the oil market's supply and demand balance will be significant. ⑸ This is because Russia exports over 7 million barrels of crude oil and refined products daily. ⑹ While this situation may provide room for OPEC+ to gradually unwind its subsequent production increases, ⑺ in a worst-case scenario, the global oil market will remain in a supply deficit. ⑻ Meanwhile, traders are closely monitoring the progress of US trade negotiations. ⑼ Market participants are also awaiting the Federal Reserve Chairman's speech for further clues on the path of future interest rate cuts. ⑽ The dual uncertainties of geopolitics and monetary policy have jointly contributed to the current fragile oil price trend.
