CRUDE IN SIGHT

Crude steadies as US defers decision on reciprocal tariffs - Feb. 14, 2025

  • Crude futures were steady early Friday in Asia, awaiting further cues, after slipping back into consolidation mode in Thursday’s session.
  • The initial bearishness from US President Donald Trump’s announcement on Wednesday of an imminent breakthrough with Russia on the Ukraine war has been priced in, with Brent sliding from $77 to $75 levels.
  • The focus on Thursday had turned to Trump’s threat of instituting reciprocal import tariffs, but the decisions won't be made until April.

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