Oil Prices Surge on Tariffs
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Canadian oil importsYahoo Finance
•Business
Business & Economics
Oil prices jump on supply worries from Trump tariffs, cancelation of Chevron license in Venezuela

85% Informative
Oil prices jumped Thursday as traders assessed the impact of potential tariffs on Canadian oil imports.
President Trump said levies against Canada and Mexico would go into effect next week .
The president's plan presumably would include levies of 10% against Canadian petroleum imports.
Earlier in the session, oil moved up from its lowest level of 2025 after Trump announced the US would reverse a concession agreement with Venezuela .
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