Focus on Fuels

Oil Prices Drop as Tariff and Sanction Pressures Mount


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• Tariff Uncertainty and Market Sentiment: Including the potential for proposed U.S. tariffs on North American metals to disrupt energy supply chains

• Sanctions and the “Dark Fleet”: How Russia and Iran continue to move oil despite sanctions, and whether U.S. enforcement will tighten

• OPEC’s Production Strategy: What the latest production announcements mean for crude prices and whether OPEC will adjust its approach

• Natural Gas and LNG Expansion: Why natural gas prices are holding up despite oil’s decline and how global LNG demand is influencing the energy landscape

• Technical Price Levels and Market Positioning: Where traders see critical support levels and how hedge funds and commercial participants are positioning for potential future disruptions

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Focus on FuelsBy StoneX Group Inc.