# The Commodities Feed: Tariff man strikes again | snaps | ING THINK

> Oil gained early on strong Chinese macro data and hints of deeper OPEC+ cuts, but gave back much of the gain later in the day. US manufacturing data disappointed and the US reimposed steel and aluminium tariffs on Brazil and Argentina. Speculative net long positions in WTI rose to their largest since September.

- Date: 2019-12-03 · published 2019-12-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/55740-the-commodities-feed-tariff-man-strikes-again-snaps-ing-think
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Large speculative long positions leave crude vulnerable to a sell-off if the upcoming OPEC+ meeting disappoints, which would ease energy input costs.

## Read by commodity

- WTI: neutral

## Sources

- think.ing.com: https://think.ing.com/snaps/the-commodities-feed-tariff-man-strikes-again/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.