Oil ticks higher as traders assess Trump tariff threats, await inventory data
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 23 2025
0mins
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.
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.
