{"id":22736,"date":"2025-02-04T09:37:27","date_gmt":"2025-02-04T06:07:27","guid":{"rendered":"https:\/\/en.hamsonews.com\/oil-falls-amid-us-tariff-pause-on-mexico-canada\/"},"modified":"2025-02-04T09:37:27","modified_gmt":"2025-02-04T06:07:27","slug":"oil-falls-amid-us-tariff-pause-on-mexico-canada","status":"publish","type":"post","link":"https:\/\/hamsonews.com\/en\/oil-falls-amid-us-tariff-pause-on-mexico-canada\/","title":{"rendered":"Oil falls amid US tariff pause on Mexico, Canada"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/en.hamsonews.com\/wp-content\/uploads\/2025\/02\/5361976.jpg\" \/><\/p>\n<div itemprop=\"articleBody\" class=\"item-text\">\n<p>Brent futures fell 50 cents, or 0.7%, to $75.46 a barrel by 0432 GMT, while U.S. West Texas Intermediate (WTI) crude declined 89 cents, or 1.2%, to trade at $72.27.<\/p>\n<p>Both Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum said they had agreed to bolster border enforcement efforts in response to Trump&#8217;s demand to crack down on immigration and drug smuggling, Reuters reported.<\/p>\n<p>That would pause for 30 days tariffs of 25%, with a 10% tariff on energy imports from Canada, that had been set to take effect on Tuesday.<\/p>\n<p>The Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, discussed on Monday a call by Trump to raise production but agreed to stick to its policy of gradually raising oil output from April.<\/p>\n<p>Trump plans to speak with Chinese President Xi Jinping as soon as this week, the White House said, as a 10% duty on all China goods is set to take effect later on Tuesday.<\/p>\n<p>On the demand side, investors will be looking out for weekly U.S. oil stockpile data for the week to Jan. 31. [EIA\/S] Analysts polled by Reuters expected that crude inventories rose, while gasoline and distillate inventories probably fell.<\/p>\n<p>SD\/<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/en.mehrnews.com\/news\/227880\/Oil-falls-amid-US-tariff-pause-on-Mexico-Canada\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brent futures fell 50 cents, or 0.7%, to $75.46 a barrel by 0432 GMT, while U.S. West Texas Intermediate (WTI) crude declined 89 cents, or 1.2%, to trade at $72.27. Both Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum said they had agreed to bolster border enforcement efforts in response to Trump&#8217;s demand &hellip;<\/p>\n","protected":false},"author":1,"featured_media":22737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":["post-22736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/posts\/22736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/comments?post=22736"}],"version-history":[{"count":0,"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/posts\/22736\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/media\/22737"}],"wp:attachment":[{"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/media?parent=22736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/categories?post=22736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hamsonews.com\/en\/wp-json\/wp\/v2\/tags?post=22736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}