Reported about 14 hours ago
Crude oil prices steadied as traders await clarity on US trade policies following comments from Donald Trump’s commerce secretary nominee regarding potential exemptions for Canada and Mexico. Brent crude was above $76 a barrel and West Texas Intermediate near $73, influenced by increased stockpiles. The uncertainty has also led to concerns from the Bank of Canada, highlighting the interconnected nature of US and Canadian oil markets amidst ongoing discussions about tariffs and trade relations under the new administration.
Source: YAHOO