What's Affecting Oil Prices This Week? (March 3, 2025)
For the upcoming week, Stratas Advisors expects oil prices to continue bouncing around but overall trend upward.
Trump Says Canada, Mexico Tariffs will Go Forward
Crude and natural gas from Canada face a 10% tariff, all other goods coming into the U.S. from its north and south neighbors will face a 25% fine.
Enbridge CEO: Tariffs Not a Concern but Present Chance for Reform in Canada
Enbridge’s CEO Greg Ebel says the company doesn’t see a major effect on its business with such a “hard-wired” system.
Report: US Tariffs Could Lead to Higher Onshore Wind Costs
Trump’s move to impose tariffs on allies and political adversaries alike comes in an effort to protect U.S. national security interest and leverage America’s economic position.
What's Affecting Oil Prices This Week? (Feb. 10, 2025)
President Trump calls for members of OPEC+ and U.S. shale producers to supply more oil to push down oil prices to the neighborhood of $45/bbl.
WTI Prices Fall as Trump Agrees to Pause Tariffs on Mexico, Canada
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.
Oil Prices Ease as US Tariffs On Mexico Paused for a Month
WTI crude futures were down $0.04, or 0.01%, at $72.49 after climbing as much as 3.7% earlier in the session to reach their highest since Jan. 24 at $75.18.
Analysts: How Trump's Tariffs Might Affect Commodity, Energy Sectors
Trump's move has sparked volatility in the commodities market. Oil prices rose, with WTI up 2.4% at $74.27 a barrel and Brent crude futures adding 1% to $76.40 a barrel.
Stocks Slump, Dollar Soars as Trump Tariffs Trigger Trade War
Oil prices rose, with WTI up 2.4% at $74.27 a barrel and Brent crude futures adding 1% to $76.40 a barrel.
Trump Ambiguous Whether Canadian-Mexico Tariffs to Include Oil
At a news conference, President Trump said that he would exclude oil from tariffs before backtracking to say that he “may or may not” impose duties on crude.