Oil turns lower as traders assess Trump tariff threats, efforts to lower crude prices
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 23 2025
0mins
Should l Buy ?
Source: MarketWatch
Oil Prices and Production Pressure: Oil futures declined after President Trump indicated he would urge Saudi Arabia and OPEC to lower oil prices by increasing production.
Trade Tariffs Impact: Trump's threats of import tariffs on China, Canada, and Mexico raise concerns about reduced demand from China and potential supply issues for U.S. refiners.
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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.
