Oil ticks higher as traders assess Trump tariff threats, await inventory data

Oil futures rose Thursday, with U.S. prices set to tally their first gain in five sessions, as traders showed concern that President Donald Trump’s threats of 25% tariffs against Canada and Mexico may crimp crude supply for U.S. refiners.

Jan 23, 2025 - 07:45
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Oil ticks higher as traders assess Trump tariff threats, await inventory data
Oil futures rose Thursday, with U.S. prices set to tally their first gain in five sessions, as traders showed concern that President Donald Trump’s threats of 25% tariffs against Canada and Mexico may crimp crude supply for U.S. refiners.

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