Reported 1 day ago
Oil prices held steady as investors evaluated the potential impact of President Trump's proposed tariffs on Canadian and Mexican imports, despite a rise in U.S. crude inventory. Brent crude futures slightly decreased to $77.47 a barrel, while U.S. crude futures rose to $73.81. Market concerns were heightened by weak economic data from China and fears regarding energy demand tied to a new AI model. It remains uncertain how the tariffs, which Trump plans to impose on February 1, would affect U.S. oil imports from these countries.
Source: YAHOO