January 31, 2025
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Economy

Oil fluctuates in price: markets are awaiting clarity about Trump’s duties

Oil prices have changed little on Thursday, as the markets were preparing for US President Donald Trump’s threats to make duties on Mexico and Canada, the two largest suppliers of crude oil in the United States, and expected OPEC+producers. ”, – WRITE: epravda.com.ua

Oil prices have changed little on Thursday, as the markets were preparing for US President Donald Trump’s threats to make duties on Mexico and Canada, the two largest suppliers of crude oil in the United States, and expected OPEC+producers. Reuters writes about it. Brent oil futures decreased by 7 cents or 0.1%, up to $ 76.51 per barrel. Futures for American oil have almost never changed – by 2 cents, or 0.03%, up to $ 72.64. On Wednesday, oil futures in the United States dropped to the lowest price this year. Trump is still planning to fulfill his promise to introduce duties against Canada and Mexico on Saturday, February 1, spokesman of the White House Secretary of Karolin Levitt. Advertising: nominant Trump for the post of head of the Ministry of Commerce Howard Lutnik said on Wednesday that Canada and Mexico could be avoided duties, if they quickly close their borders for fentanyl, promising to slow down China in the field of artificial intelligence. As for demand, last week, raw oil reserves in the United States increased by 3.46 million barrels, which is approximately corresponding to the forecast of analysts by 3.19 million barrels, since the winter storms that had been swept by the country last week have affected demand. Recall: Advertising: Saudi Arabia’s Energy Minister and several OPEC+ colleagues have negotiated after the call of Donald Trump to reduce oil prices and on the eve of OPEC Oil Educational Country+ next week.

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