Oil Prices Rise Slightly Amid Trump's Panama Canal Threat

Reported 1 day ago

Oil prices experienced a slight increase following a weekly decline, as traders responded to President-elect Donald Trump’s threats regarding the Panama Canal, which he claims charges excessive fees. Brent crude hovered around $73 per barrel after a 2.1% weekly drop, while West Texas Intermediate remained below $70. Despite Trump's rhetoric about tariffs on Canada, Mexico, and China, the oil market has shown resilience, though continued uncertainty and low demand in China could keep prices relatively stable.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis