Analyst: Due to U.S. tariffs dragging down demand, oil prices continue to fall.

Jin10 Data reported on April 3rd that crude oil futures are erasing gains made in recent weeks, and the introduction of Trump’s “reciprocal tariffs” appears to be worse than many had expected, raising concerns that it will slow global economic growth and oil demand. Scott Shelton of TP ICAP stated in a report: “American consumers are in a difficult situation, and overseas manufacturers are in the same position, which is unfavorable for demand already struggling in a tough environment.”