Why oil may be excluded from new tariffs on Mexico and Canada
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 31 2025
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Source: SeekingAlpha
Tariffs on Mexico and Canada: President Trump is set to impose steep tariffs on Mexico and Canada, linking them to issues like illegal migration and drug trafficking, while the oil sector may be excluded due to its complex nature in the U.S. energy landscape.
U.S. Oil Dependency and Infrastructure Challenges: Despite becoming a leading oil producer through fracking, the U.S. still relies on imports due to refinery systems designed for heavier crude, and significant infrastructure investments are needed to adapt to lighter oil production domestically.
Analyst Views on USO
Wall Street analysts forecast USO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 73.340
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Current: 73.340
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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.
