Oil up on tighter supply risks; views mixed on Trump’s auto tariff impact

March 27, 2025

Oil prices have risen slightly due to concerns over tighter global supply amid U.S. threats of tariffs on Venezuelan oil buyers. Additionally, the announcement of a new 25% tariff on imported cars could impact oil demand. Analysts suggest the tariffs might slow the transition to more fuel-efficient vehicles.

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Gold jumps over 2% on safe-haven demand amid Trump tariff fears

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