News list for " oil prices sharply"

Trump's tariff threat looms, causing oil prices to plunge

On January 31st, oil prices fell in the US session, and the market is waiting to see if US President Trump will follow through on his promise to impose tariffs on Mexico and Canada on Saturday. PVM analyst Tamas Varga said that oil prices are pressured by the potential negative economic impact of the US tariffs on Canada and Mexico, adding that the tariffs could lead to a rise in the dollar, which in turn weighs on oil prices. Canada and Mexico are the two countries that export the most crude oi...

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2025-01-31 15:02:10