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
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
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