Reported about 5 hours ago
Oil prices fluctuated as President Donald Trump announced potential tariffs on Canadian and Mexican crude and initiatives to boost U.S. energy production. Brent crude rose above $80 a barrel, while West Texas Intermediate hovered around $77. Despite the potential for increased domestic output, analysts noted concerns over higher consumer energy costs due to these tariffs. Additionally, Trump's emphasis on energy independence and sanctions on Russia, Iran, and Venezuela could shift global oil dynamics.
Source: YAHOO