The other reason is that the U.S. and China started talking about tariffs and the talks produced results suggesting it won’t come to the worst of the worst. Be that as it may, oil demand appears to be quite robust despite all the challenges that commentators like to fixate on in their media appearances—and lower oil prices are a big part of the reason. Yet it has rebounded from the lows it touched last month amid the most frantic coverage of the tariff spat and chances are it will keep rebounding along with WTI as U.S. drillers curb activity in anticipation of the price recovery.
Author: Irina Slav
Published at: 2025-05-14 23:00:00
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