WTI HOLDS ABOVE $72.50 AMID TARIFF CONCERNS

Tina Collins

31 Jan 2025 — 1 min read

WTI HOLDS ABOVE $72.50 AMID TARIFF CONCERNS

WTI price trades around $72.85 in early Asian session on Friday.

US President Trump threatens to impose 25% tariffs on Canadian and Mexican goods, potentially affecting oil imports.

The tariff decision is set to take effect on Saturday, but oil imports may be exempt if Canada and Mexico take swift action on fentanyl control.

Oil traders are closely monitoring the upcoming OPEC+ meeting scheduled for Monday.

Trump calls for OPEC and Saudi Arabia to lower oil prices, suggesting a price decline could help resolve the Ukraine conflict.

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TRUMP CONFIRMS 25% TARIFFS ON MEXICO, CANADA

OIL GIANT SHELL POSTS LARGER-THAN-EXPECTED DROP IN FULL-YEAR PROFIT ON LOWER CRUDE PRICES

FASHION GIANT H&M BEATS FULL-YEAR PROFIT ESTIMATES AS FOURTH-QUARTER SALES MISS

INFLATION IN SPAIN ACCELERATES, RISES TO HIGHEST LEVEL IN 7 MONTHS