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Oil: prices are falling

22/01/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Alors que The markets were weighing the pros and cons of US President Donald Trump's declaration of a national energy emergency on his first day in office and were monitoring his tariff policies, prices oil prices fell on Wednesday, extending the declines of the

previous session.

West Texas Intermediate U.S. crude futures fell 46 cents, or 0.6%, to $75.37. Brent crude oil futures fell by 36 cents, or 0.5 percent, to $78.93 per barrel at 07:30 GMT. Contracts fell on Tuesday after Trump presented a sweeping plan to maximize oil and gas production, including declaring a national energy emergency to speed up obtaining permits, reducing environmental protections, and removing the United States from the Paris Climate Pact. According to analysts at ING, “the attention of the oil market is slowly turning away from American sanctions against Russia to President Trump's potential trade policy.”

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