Oil prices fall as investors assess Trump call to boost output vs. tariff threat
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2025
0mins
Source: MarketWatch
Oil Futures Decline: Oil futures dropped as traders reacted to President Trump's commitment to increase U.S. crude production amidst potential tariffs on Canadian imports and a proposal to replenish the Strategic Petroleum Reserve.
Executive Order Impact: Trump declared a "national energy emergency" to expedite oil and gas production permits and withdrew the U.S. from an international climate change agreement.
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.
