• $ 1.7
  • € 1.7774
  • ₽ 1.8994
  • ₺ 0.047
  • £ 2.1344

Brent crude rises after Trump imposes new import duties

Brent crude rises after Trump imposes new import duties
03.02.2025 11:01
Oil prices rose on February 3 after US President Donald Trump imposed tariffs on imports from Mexico, Canada and China, reported from Interfax.

The price of April Brent crude futures on London's ICE Futures exchange reached $76.41 per barrel.

This is $0.74 (0.98%) higher than the previous trading session's close.

On January 31, these contracts decreased by $0.22 (0.3%) to $75.67 per barrel. WTI crude futures for March on the New York Mercantile Exchange (NYMEX) electronic trading increased by $1.41 (1.94%) to $73.94 per barrel.

At the end of the previous session, these contracts decreased by $0.2 (0.3%) to $72.53 per barrel. The decree on new tariffs, which takes effect on February 4, was signed by Trump on Saturday.

It introduces a 25% tariff on goods imported from Mexico and Canada, and 10% from China. Meanwhile, tariffs on energy carriers from Canada will be 10% and will affect all Canadian energy, including oil, gas, and electricity. The majority of US oil imports come from Canada.

www.anews.az
Similar news
Similar news
Azerbaijani oil price drops below $77
Business 10:31
Azerbaijani oil price drops below $77
Azerbaijan’s gas to Europe reached nearly 1 bcm in January
Business 14:30
Azerbaijan’s gas to Europe reached nearly 1 bcm in January
Azerbaijani oil price drops below $78
Business 14:05
Azerbaijani oil price drops below $78
BP plans six new gas wells to sustain output from Azeri Caspian Sea field
Business 20:51
BP plans six new gas wells to sustain output from Azeri Caspian Sea field
Turkmen Gas Supplies to Türkiye Will Start on March 1
Business 20:41
Turkmen Gas Supplies to Türkiye Will Start on March 1
SOCAR opens office in Albania
Business 19:00
SOCAR opens office in Albania
Azerbaijan increases food imports to a record level
Business 18:46
Azerbaijan increases food imports to a record level
The “Red Hearts Education Scholarship Program” concluded: Scholarships granted to 23 students
Business 14:04
The “Red Hearts Education Scholarship Program” concluded: Scholarships granted to 23 students
EIA keeps Azerbaijan oil production forecast for 2025
Business 12:04
EIA keeps Azerbaijan oil production forecast for 2025
Anews TV

Our official Youtube channel

Subscribe