💨 Abstract

Oil prices decreased to a four-week low on Monday due to Trump's planned tariffs on Canada, Mexico, and China. The tariffs raised concerns over crude imports from these countries, but Trump paused the new tariffs on Mexico, leading to a decrease in prices. Brent futures dropped by 0.3%, while U.S. WTI crude fell by 0.1%. The tariffs could increase costs for U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖