Core Viewpoint - Oil prices increased on Thursday following the U.S. president's decision to retract threats of tariffs related to the acquisition of Greenland, which mitigated the risk of a U.S.–Europe trade war and provided support for the oil market [1] Group 1 - The U.S. president's actions have reduced tensions that could have escalated into a trade conflict with Europe, positively impacting oil prices [1] - The easing of trade war threats is seen as a stabilizing factor for the oil market, contributing to the upward movement in prices [1]