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
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.
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.
