Reported about 5 hours ago
Oil prices increased as President Donald Trump announced the potential imposition of tariffs on imports from Canada and Mexico, although crude oil may be exempt. Brent crude surpassed $77 a barrel while West Texas Intermediate was close to $73. Analysts suggest that tariffs could initially drive up gasoline prices in the U.S. Midwest and ultimately affect global crude prices. Canada and Mexico are preparing retaliation, further escalating trade tensions.
Source: YAHOO