On Wednesday, oil prices saw a slight decline as traders awaited potential increases in crude oil inventories in the United States. Despite this dip, prices remained near two-week highs due to relief following a temporary de-escalation of the US-China trade war. This brief lull in the trade tensions between the world's two largest economies, coupled with the anticipation of rising US stockpiles, has created a complex environment for oil markets. The latest movements reflect how sensitive oil prices are to geopolitical developments and market expectations.

The U.S. House of Representatives recently approved President Donald Trump’s ambitious $4.5 trillion tax cut plan, fueling notable changes across financial markets. Following the news, U.S. Treasury bond yields climbed amid expectations of an increase in future government debt issuance. Meanwhile, the U.S. dollar and oil prices declined due to mounting fears over the nation’s economic growth outlook. This article delves into how tax reforms are influencing various market sectors and what lies ahead.