Daily Oil Fundamentals
Clash of Egos
09 Apr 2025Clash of Egos
It has been a week now since Liberation Day. The ensuing Liquidation Days have wrought havoc throughout the world. Financial markets are devastated.
It has been a week now since Liberation Day. The ensuing Liquidation Days have wrought havoc throughout the world. Financial markets are devastated.
There is something of ship steadying in the roiling seas of market activity this morning. The fact market participants are looking for any port in the storm came yesterday with a rumour in which the White House was considering a ninety-day pause in tariffs. Markets were quick to rally, but eventually quelled, being cast as “fake news” and the President insisting “we are not looking at that”.
After a tumultuous week, which effectively brought the curtain down on global trade it is impossible not to draw parallels between the defiant US worldview and Brexit. Both nations believe that to a smaller or larger extent cooperation with other nations is more harmful than beneficial (and there is a growing number of countries subscribing to this point of view).