Oil prices have risen due to the announcement of additional U.S. tariffs on goods from Mexico and Canada. North Sea Brent crude increased by 38 cents to $77.25. The market is closely monitoring whether oil will be included in the tariffs announced by U.S. President Donald Trump. It is still unclear whether the higher tariffs will apply to oil, and the decision will depend on the assessment of whether the oil price is “fair.” In October, the U.S. imported significant quantities of oil from Canada and Mexico. On a weekly basis,
Oil prices rose due to U.S. tariffs on Mexico, Canada.
