Oil steadied as investors waited for clarity on the US administration’s plans for trade policy, with Donald Trump’s pick for commerce secretary saying Canada and Mexico may be able to avoid levies.
Oil steadied as traders weighed the potential market fallout from President Donald Trump’s plan for tariffs on imports from major US crude supplier Canada and other countries, as well as the outlook for stockpiles.
Oil steadied after sinking by almost 2% on Monday, as US President Donald Trump raised the stakes on planned tariffs, muddying the outlook for global crude shipments and demand.
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