WTI crude prices fell by 1.1% to $72.36 at 2323 GMT after U.S. President Donald Trump agreed to pause imposing steep tariffs on Mexico and Canada for one month.
Both Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum said they had agreed to bolster border enforcement efforts in response to Trump's demand to crack down on immigration and drug smuggling. That would pause 25% tariffs due to take effect on Tuesday for 30 days.
Canada and Mexico are the biggest oil suppliers to the U.S., the world's top crude oil producer itself. U.S. tariffs on China are still due to take effect within hours.
Recommended Reading
Velocity Management Invests in Pipeline Builder M Wright Services
2025-01-16 - Velocity Management Advisors has made a minority investment in M Wright Services and three of Velocity’s partners will join the construction firm’s board.
Dividends Declared the Week of Dec. 9
2024-12-13 - Here is a compilation of dividends declared from select upstream, midstream and service and supply companies during the week of Dec. 9.
Dividends Declared Week of Dec. 16
2024-12-20 - As fourth-quarter 2024 nears its end, here is a compilation of dividends declared from select upstream, midstream and service and supply companies.
Dividends Declared Week of Jan. 13
2025-01-17 - With 2024 year-end earnings season underway, here is a compilation of dividends declared from select upstream, midstream and downstream companies.
Opportune Adds Jade Wang as Principal in Oil, Gas Practice
2025-01-21 - Jade Wang will focus on growing advisory firm Opportune’s service lines in upstream, midstream and energy components.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.