Crude oil futures are seeing slight stability after a series of declines, thanks in part to the U.S. exempting some automakers from tariffs and discussions about possibly lifting the 10% tariff on Canadian energy imports. This optimism is counterbalanced by fears of reduced global demand due to high U.S. crude stockpiles and ongoing tariff uncertainties. The potential for sustained recovery in oil prices appears limited as OPEC+ output increases and overall supply remains abundant amid fluctuating demand.
Crude oil futures are stabilizing slightly, benefiting from potential tariff removals but facing pressures from oversupply and weakening global demand.
Despite optimism after the U.S. exempted automakers from tariffs, the oil market is weighed down by ongoing global supply concerns and high inventories.
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