Trump's Tariff Ultimatum Fuels Oil Price Volatility

Crude oil prices surged this week, driven by significant trade diplomacy breakthroughs, tightening supply signals, and mounting geopolitical risks. However, a late-session pullback on Thursday trimmed gains as traders braced for potential fallout from U.S. trade actions. As of Thursday’s close, Light Crude Oil futures settled at $69.26 per barrel, up $4.10 or 6.29% on the week. U.S.-EU and China Trade Progress Fuels Early Week Rally The rally kicked off Monday on the back of a major U.S.-EU trade agreement that lifted the threat of sweeping…