Oil prices fall as investors assess Trump call to boost output vs. tariff threat

Oil futures fell early Tuesday as traders weighed President Donald Trump’s vow to boost already record U.S. crude output against the threat of a steep tariff on Canadian imports and a call to replenish the Strategic Petroleum Reserve.

Jan 21, 2025 - 04:00
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Oil prices fall as investors assess Trump call to boost output vs. tariff threat
Oil futures fell early Tuesday as traders weighed President Donald Trump’s vow to boost already record U.S. crude output against the threat of a steep tariff on Canadian imports and a call to replenish the Strategic Petroleum Reserve.

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