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- 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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Analysts: Tariff news will be the main uncertainty for crude oil prices this week.
Jin10 data reported on May 26, that in the Asian early session on Monday, oil prices rose after U.S. President Trump extended the deadline for trade negotiations with the European Union, alleviating concerns that U.S. tariffs on the EU could harm the global economy and fuel demand. IG market analyst Tony Sycamore stated: "After Trump extended the deadline, crude oil and U.S. stock futures rose. Trade and tariff news, along with ongoing fiscal concerns, will be the main uncertainties affecting risk sentiment and crude oil prices this week."