Post by 1234bmthon Feb 01, 2025 8:08pm
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Post# 36432219
Monday market,
Monday market, Oil may go up next week, but the overall market reaction will be significantly negative in the short term, then we will see how the oil demand would be, I don't think 10% tariff causes demand distraction, all it does is to make gas more expensive to US consumers, in the weeks ahead I think BTE will do fine if WTI goes up due to tariff and taking into account its 60% production is in US, but the main concern is that how this trade would affect overall US and Canadian economies, this could lead to a market crash regardless of which sector.