Oil rose though gains likely reflected a technical correction, while Trump’s tariff threats could disrupt energy flows, raise consumer prices and ultimately destroy consumption.

Oil rose but prices continued to be volatile in early trade amid uncertainties over the impact of Trump’s energy policies and proposed tariffs on the market.

Despite the increased targets and recognition of more risks to supply, Citi maintained a generally bearish view for 2025 crude markets. It said Trump has let go of a notable hawk on Iranian ...