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Oil prices on track for weekly gain as tariff fears fade - MarketWatch

1. Oil futures are set to recover after three weeks of losses. 2. Trump delayed tariffs, easing fears of economic impact on crude demand. 3. Investor relief followed Trump's announcement regarding tariffs on U.S. products. 4. Concerns over the Russia-Ukraine talks influenced previous crude oil pressures. 5. Market sentiment suggests tariffs may have a muted effect on growth.

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FAQ

Why Bullish?

Delaying tariffs may stimulate crude demand, as seen during past trade negotiations.

How important is it?

The reduction in tariff fears directly impacts oil prices and trading stability.

Why Short Term?

Immediate relief from tariffs could lead to a temporary price spike for oil futures.

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