Is the Stock Market’s Unstoppable Rally a Genius Play or a Ticking Time Bomb?
Crude Oil hovers around $70
Crude oil closed 1.14% higher on Wednesday, continuing its uptrend amid positive sentiment, supply concerns, and tariff headlines. Today, it is down 0.5% after pulling back from its local high above $70.
As I’m writing in my Oil Trading Alerts, key developments worth monitoring include:
- Trump warned Russia and its oil buyers, particularly China, of 100% secondary tariffs if the Ukraine war does not progress toward resolution within 10–12 days. The U.S. also tightened sanctions on Iran-linked entities after June’s strikes on nuclear facilities.
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