Tariffs are looming. But a lot of things are shaping oil prices this year.
Thanks to abundant supply and fairly flat demand, oil prices are forecast to fall — unless tariffs and geopolitics get in the way.
Oil prices close at 1-month low as US pauses tariffs on Mexico
Oil prices edged up in volatile trade on Monday but closed at a one-month low on the expiration of a higher-priced contract, as the market digested U.S. President Donald Trump's planned imposition of tariffs on Canada,
Here's how long it may take for oil's gains to show up in gas prices at the pump
President Donald Trump's decision to implement a 10% tariff on Canadian energy starting Tuesday, in contrast to the announced 25% tariff on everything else from Canada, "will moderate the resulting increase in U.
Why Trump is going to have a hard time lowering oil prices
"Despite the 'energy emergency' claims, the US is producing energy in record quantities," JPMorgan Asset Management wrote.
Oil prices gain as Trump tariffs stoke supply worries
Oil prices rose on Monday after U.S. President Donald Trump imposed tariffs on Canada, Mexico and China, raising fears of supply disruption, though gains were capped by concern over what could be an economically damaging trade war.
Oil Prices Sink 3% as Trump Hits Pause on Canada Tariffs
Trump has delayed imposing 25% tariffs on Canadian and Mexican imports for 30 days following border security commitments from both nations.
Trump oil tariffs likely to raise gas prices
President Trump’s planned 10 percent tariff on Canadian oil is expected to increase fuel prices, particularly in New England, the Midwest, Rockies, and Great Lakes regions. Experts predict gas prices could rise by up to 25 cents per gallon in New England and 20 cents elsewhere.
Oil prices jump on supply disruption fears from US tariffs
U.S. West Texas Intermediate crude futures were at $73.97 a barrel, up $1.44, or 2%, by 0042 GMT, after hitting more than a week's high at $75.18 a barrel earlier in the session. Brent crude futures rose 62 cents,
Gas prices set to rise as Trump tariffs hit Canadian, Mexican oil
Tariffs on oil imports mean higher costs for making finished fuels like gasoline, much of which is likely to be passed along to U.S. consumers.
Trump oil tariffs expected to raise price at the pump
President Trump’s tariff on Canadian oil is expected to raise prices at the pump for U.S. consumers, if it takes effect as planned after a 30-day delay. Analysts told The Hill that the 10 percent tariff set to be imposed under an executive order Trump signed over the weekend would lead to a pricing bump,
Oil mixed as Trump restores pressure on Iran, tariff drama caps prices
Oil prices diverged at settlement on Tuesday amid tariff drama between Washington and Beijing, and after U.S. President Donald Trump restored his "maximum pressure" campaign on Iran, in a bid to drive Iranian oil exports to zero,
U.S. benchmark oil prices end lower as China trade dispute fuels demand concerns
U.S. oil prices on Tuesday gave back most of their gains from a day earlier after the U.S. implemented an additional 10% ...
US and international oil producers are pushing back on the Trump administration's plan to pump more crude
Neither OPEC nor US shale firms appear willing to increase oil supply, despite President Trump's pledge to bring down energy ...
Oil prices to see little upside as weak demand, supply glut concerns persist
Sluggish demand from China and oversupply worries will keep oil prices anchored below $80 a barrel this year, a Reuters poll ...
Oil prices fall after U.S. imposes tariffs on China, Beijing retaliates
Oil futures fell Tuesday morning, losing ground as the U.S. implemented an additional 10% tariff on China imports and Beijing ...