There is growing concern that U.S. oil production could reverse its growth trend. This potential decline is driven by uncertainties in the oil market, including the impact of a trade war and falling oil prices. Recent developments, such as tariff exemptions and a rebound in Chinese imports, have provided some relief to oil prices. Additionally, Brent and WTI prices have climbed due to possible restrictions on Iranian crude oil. These factors contribute to the volatility in the oil sector.
— new from Axios
