Russ Cohen

Crude oil posts another weekly drop as tariff turmoil dampens sentiment

Feb. 07, 2025 7:20 PM ETUnited States Oil Fund, LP ETF (USO), XLEUCO, LEU, HP, GPRE, DBO, UNG, FCG, FMC, USL, SCO, USAU, UNL, DQ, BNO, LTBR, PROP, BOIL, KOLD, DC, GUSH, DRIP, AQMS, ORLA, USOI, KLXE, NFE, CO1:COM, NG1:COM, CL1:COM, MAXN, AMPS, LGO, OKLO, FTCI, CRML, ATLXBy: Carl Surran, SA News Editor
Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

SlavkoSereda/iStock via Getty Images

Crude oil futures edged higher Friday but fell for a third consecutive week, as the market grappled with complications from President Trump’s postponed tariffs on oil from Canada and Mexico, Chinese retaliatory tariffs on U.S. oil and gas, new sanctions on an international network

See also  North American Utilities Looking to Software, Services to Address New Demands