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Trade war reprieve: 'Uncertainty' created by Trump will 'detrimentally' affect US and world economy

  • President Trump's tariff policies have created uncertainty in the U.S. Oil market as of April 2025.
  • Trump's 'on-again, off-again' tariff approach and trade war triggered crude price swings and undermined investor confidence.
  • The price of U.S. Crude oil fell 23% from April 2, hitting a low of $55.12 on Wednesday before recovering.
  • One executive stated that they have never felt more uncertainty about business in their 40-year career.
  • Analysts suggest reduced capital expenditures and potential rig cuts may occur if prices remain low, impacting domestic production.
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Rio Grande Guardian broke the news in on Thursday, April 10, 2025.
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