Oil prices stabilized at the beginning of trading on Thursday. Global markets are looking out for potential U.S. tariffs on Mexico and Canada...
Yesterday's declines, triggered by uncertainty around global demand for oil, were partially mitigated today. Analysts note that investors are concerned about possible trade clashes between the U.S. and its two partners.
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"Markets remain tense due to the uncertainty surrounding U.S. trade policy," noted one of the analysts.
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Currently, many global investors are not only concerned about trade wars but also about the level of demand for oil. Some countries have already reported a decrease in demand for energy sources due to the deteriorating economic situation.
