Story perspectives
Oil Futures Surge Amid U.S.-U.K. Trade Deal Boost
5/9/2025
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Story summary
- Oil futures increase after a U.S.-U.K. trade deal reduces tariffs on British cars and certain goods.
- Mizuho's Robert Yawger suggests the deal could stimulate demand growth.
- Strengthening gasoline prices and rising refining margins bolster crude oil demand.
- Higher gasoline prices drive refiners' demand for crude oil feedstock.
