Trump’s Tariffs Drive Down Oil Demand and Prices
Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports on the latest IEA oil market forecast. Due to global tariffs and ongoing trade tensions—particularly between the U.S. and China—oil demand is expected to decline. This will lead to lower oil prices, which may negatively impact some parts of the economy but could benefit U.S. consumers with cheaper gas and heating oil.
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