The smoke of tariff war rises again, how will it affect the oil prices?

This week, oil prices rebounded slightly. What are the main factors influencing this? Since the sharp drop in oil prices on June 23, the volatility of crude oil has significantly narrowed. How should we view the adjustment phase after the rapid decline in oil prices? What is the outlook for the medium to long-term trend of oil prices? He Xiaoqin, a senior researcher at Guotai Junan Futures Commodity, believes that the easing of geopolitical tensions, OPEC's production increase, and the lack of strong bullish factors for oil prices. Currently, seasonal peak demand for oil is here, and refinery operating rates are rising. The medium to long-term trend of oil prices is bearish.