Oil ticks higher as traders assess Trump tariff threats, await inventory data
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 23 2025
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Should l Buy ?
Source: MarketWatch
Oil Futures Movement: Oil futures experienced a slight increase as traders reacted to President Trump's proposed 10% import tariff on China, raising concerns about demand from the largest crude importer.
Tariff Implications: Traders are also considering the potential impact of 25% tariffs on Canada and Mexico, which could affect crude supply for U.S. refiners, along with Trump's threats regarding imports from the European Union.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
