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Oil eased to a one-week low on January 22 as the market weighed Trump's tariff plans. Brent settled at $79.00 and WTI at $75.44 after falling about half a percent each.
Tariff uncertainty is weighing on crude demand expectations, which lowers diesel and energy costs for feed operations. The move is a routine price decline with no new supply shock.
reuters.comScott DisavinoJan 22, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
