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On Inauguration Day in Washington, USA, January 20, 2025, US President Donald Trump signed a document when issuing an executive order in the Oval Office of the White House.
Carlos Barria | Reuters
U.S. crude fell more than 2% on Tuesday amid the president’s tenure Donald Trump Consider imposing tariffs on major trading partners while vowing to boost domestic energy production.
U.S. crude oil Oil prices fell $1.89, or 2.4%, to $75.99 a barrel as of 8:29 a.m. ET, while the global benchmark Brent It fell $1.30, or 1.6%, to $78.89 a barrel.
After taking office on Monday, Trump said his administration was considering levy 25% tariff About Canada and Mexico. The president also issued a series of executive actions aimed at increasing domestic fossil fuel production.
Trump announced national energy emergencyseeking to roll back Biden-era restrictions on offshore drilling and lift a moratorium on new LNG exports.
