February 8, 2025

Oil on track for weekly drop as outline of Trump’s tariff plans emerges

 Oil on track for weekly drop as outline of Trump’s tariff plans emerges

Oil on track for weekly drop as outline of Trump’s tariff plans emerges

Oil futures ticked lower Friday, contributing to a loss for the week, but prices looked to post a gain for the month as traders awaited a tariff decision by President Donald Trump on crude imports from Canada and Mexico.