The best word to describe the situation is the one you just used: uncertainty. Remember, it’s less than 60 days into this administration. And a lot has been flooded into the marketplace. There’s been a lot of executive orders.
Oil Price Today (April 15): Crude oil below $95, falls for second consecutive day. What’s behind the decline?
Oil prices fell for a second day on hopes that renewed U.S.-Iran talks could ease Middle East supply disruptions after the Strait of Hormuz closure.