Oil steadied as traders weighed a large increase in US crude stockpiles and a wave of new tariff rates from President Donald Trump. Meanwhile senior officials from three of OPEC’s core producer nations, Saudi Arabia, UAE, and Kuwait have said that the global market needed the recent decision to further hike supply. Daan Struyven, Co-Head of Global Commodities Research at Goldman Sachs spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on the sidelines of the OPEC Seminar in Vienna. (Source: Bloomberg)



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JPMorgan Private Bank’s Grace Peters says markets are looking at effective “mid-teens” tariff rates, which “major economies can stomach and the markets can digest.” She adds that should tariffs move out of that range and reach 20% or 25% effective rates, it would “prove more problematic.” Peters speaks on Bloomberg Television. (Source: Bloomberg)



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The science of figuring out the victors.

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