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WTI Weakens As New EU Sanctions On Russia Lack Effectiveness. Crude Likely To Breach US$60/b In Coming Weeks.

Summary by HoweStreet
Summary: President Trump has announced a trade deal with Japan opening the country to US sales of cars, trucks, rice and other agricultural food stuff. In return for a 15% tariff on Japanese exports (down from 25%) Japanese companies etc., plan on investing US$550B in the US. Importing US rice will alienate protected rice farmers. […]
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HoweStreet broke the news in on Thursday, July 24, 2025.
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