Market Overview
Oil prices surged as geopolitical uncertainties and trade policy shifts fueled investor concerns over potential supply disruptions. Markets are closely monitoring possible U.S. tariffs on Canadian and Mexican exports, which could impact North American crude flows.
Brent crude is on track for a 3.6% monthly gain, while WTI is set to rise 2%, reflecting persistent supply concerns. Additionally, sanctions on Russia and Venezuela, coupled with strategic petroleum reserve refilling, continue to bolster oil’s risk premium.
Financial Market Newsflash
Tuesday, April 22, 2025
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