Oil prices drop to the hope that Canada and Mexico can avoid Trump fees

Oil prices fell after President Donald Trump’s candidate indicated in the position of the Minister of Commerce Howard Lootnik that customs duties on Canada and Mexico are not a good performance. Brent -Rew Val March delivery by 1.2% to settle at 76.58 dollars a barrel, and the West -Texas -Middel “crude oil fell by 1.6% to establish at less than $ 73 a barrel. These declines came after Lootnick said that the largest commercial measure of the United States could avoid new fees as they stimulated illegal immigration. And briefly the discount on Canadian RU on the largest scale in six months, before being renewed on Saksu Bank, a focus on the Rhythm of the Customs of Trump, is the head of the basic commodity strategy. Crude oil began in 2025, as US sanctions against Russia’s crude led to prices, but the fear of trade war and poor economic data from China is largely eager. Also read: Canada: Trump is threatening the Allies to deliver messages to China that Trump’s policies would push the markets more, as the US president asked to help the “OPEC+” coalition reduce the price of crude oil. The coalition is scheduled to discuss Trump’s plans to increase US oil production at its next meeting on February 3, according to Tass, according to the Massad Satatalev, Minister of Kazak’s energy. The traders also made up a more strict decision than the Federal Reserve expected to keep interest rates unchanged, reducing the expectations of oil demand.