TechFlow news, March 27 — Crude oil prices fell in early trading as traders weighed the impact of U.S. President Trump's proposed 25% tariff on all imported cars and trucks on global demand, according to Jinshi Data.
During prior trading sessions, crude futures rose 1% amid tightening supply concerns driven by U.S. pressure on Iranian and Venezuelan exports, along with declining U.S. inventories.
Traders are now awaiting the White House’s announcement on reciprocal tariffs against U.S. trade partners scheduled for Wednesday. Analysts at ANZ Research said, “Risk appetite is likely to remain subdued until the scale, scope, and implementation details of the tariffs become clear.”
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