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Oil prices held steady on January 30 as markets awaited possible US tariffs on Canada and Mexico and an upcoming OPEC+ meeting. WTI hit its lowest level of the year the previous day, and US crude stocks rose more than expected.
Tariff threats on Canada and Mexico, two major crude suppliers, add uncertainty to energy and trade flows. Rising US stocks and a weak WTI price point to modestly softer crude costs.
db.forbesmiddleeast.comOla Noureldin, Julian Nabil, Syed Saadain Gardazi, Sana Tahir, Joyce AbañoJan 30, 2025After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 54 past neutral macro events, Crude Oil (Brent) moved a median +0.4% over 5 sessions (57% higher; middle half -2.8% to +2.5%), and +0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
