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Trump's two major measures have pressured oil prices, but the oil market may rise in the future

On January 21, Trump announced a plan to increase U.S. oil and gas production and said he was considering imposing a 25% tariff on goods imported from Canada and Mexico from February 1, rather than imposing it immediately, both of which are conducive to lower oil prices. U.S. and cloth oil futures were lower in the Asian session. However, in the future, the imposition of tariffs on Canadian crude oil may push the market higher. Federal Bank analyst Vivek Dhar said that almost all of Canada's oil...

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2025-01-21 10:54:38