Tariffs can have a significant impact on USOIL

The expiration of the extended US import tariffs on Canada and Mexico next Wednesday may impact USOIL:

Supply: Tariffs could disrupt US-Canada crude oil trade, cutting US supply and raising prices. Trade pattern changes may also affect global supply and USOIL prices.

Demand: Tariffs may slow economic growth, reducing crude oil demand and exerting downward price pressure. Uncertainty dampens consumer and business confidence, further suppressing demand.

Market Sentiment & Finance: Policy changes heighten uncertainty, making investors cautious and increasing USOIL price volatility. Capital may flow out, pressuring prices, but portfolio adjustments for hedging could support them.

Also, OPEC and non-OPEC plans to end production cuts in April may boost global supply and lower USOIL prices.