💨 Abstract

Oil prices remained stable on Friday but are set for weekly declines ahead of US President Trump's Saturday deadline for tariffs on Canada and Mexico. Brent and WTI benchmarks are expected to fall by 2% and 2.5% respectively due to uncertainty around the tariff threats. Traders await the outcome of these tariff threats as Canadian crude, used by many U.S. Midwest refineries, could see a flow reduction, potentially raising fuel prices.

Courtesy: theprint.in

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