# Oil Prices Hold Steady As Markets Await US Tariff Decisions, OPEC+ Meeting

> 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.

- Date: 2025-01-30 · published 2025-01-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/26669-oil-prices-hold-steady-as-markets-await-us-tariff-decisions-opec-meeting
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

- WTI: bearish ▼
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-08-31 | [Oil Prices Tumble On Demand Concerns Ahead Of OPEC+ Meeting](https://feedsoft.ai/events/45724-oil-prices-tumble-on-demand-concerns-ahead-of-opec-meeting.md) | -1.2% | +8.9% |
| WTI | 2018-02-02 | [Oil prices fall as US stock market slumps and dollar strengthens](https://feedsoft.ai/events/66659-oil-prices-fall-as-us-stock-market-slumps-and-dollar-strengthens.md) | -7.0% | -7.1% |
| WTI | 2020-03-11 | [Ag Markets Feel Pinch As Oil Prices Plunge - ProAg](https://feedsoft.ai/events/54223-ag-markets-feel-pinch-as-oil-prices-plunge-proag.md) | -21.7% | -31.5% |
| WTI | 2025-01-26 | [Oil Drops As Trump Urges OPEC To Cut Prices](https://feedsoft.ai/events/26667-oil-drops-as-trump-urges-opec-to-cut-prices.md) | -2.8% | -5.2% |
| WTI | 2026-07-02 | [Margins hold tight despite falling prices](https://feedsoft.ai/events/8576-margins-hold-tight-despite-falling-prices.md) | +7.0% | +23.3% |
| BRENT | 2025-05-26 | [Oil holds steady; market awaits clarity on OPEC+ next move](https://feedsoft.ai/events/24837-oil-holds-steady-market-awaits-clarity-on-opec-next-move.md) | +0.8% | +12.0% |
| BRENT | 2020-12-03 | [Why the OPEC+ agreement to boost production in 2021 didn’t tank oil prices - MarketWatch](https://feedsoft.ai/events/49827-why-the-opec-agreement-to-boost-production-in-2021-didn-t-tank-oil-prices.md) | +1.7% | +7.3% |
| BRENT | 2026-01-01 | [COMMENTARY: China overtakes OPEC+ as the main oil price maker](https://feedsoft.ai/events/21669-commentary-china-overtakes-opec-as-the-main-oil-price-maker.md) | +2.6% | +16.0% |

## Sources

- db.forbesmiddleeast.com: https://db.forbesmiddleeast.com/industry/energy/oil-prices-steady-as-markets-brace-for-potential-us-tariffs-and-opec-meeting

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.