Futures Movers
Published:
Oil futures ticked lower Friday and were on track for weekly losses as traders awaited a decision by President Donald Trump on tariffs on imports from Canada and Mexico.
Price moves
- West Texas Intermediate crude CL00 for March delivery CL.1 CLH25 fell 18 cents, or 0.2%, to $72.55 a barrel on the New York Mercantile Exchange, on track for a weekly fall of 2.8%.
- March Brent crude BRNH25, the global benchmark, was off 22 cents, or 0.3%, at $76.65 a barrel on ICE Futures Europe, headed for a weekly decline of 2.4%. The more actively traded April contract BRN00 BRNJ25 was down 21 cents, or 0.3%, at $75.68 a barrel.
Market drivers
On Thursday, Trump reiterated a threat to impose 25% tariffs on imports from Canada and Mexico as early as Saturday. He said a decision on whether to include oil imports would be made Thursday night, but no announcement has so far been made.
About the Author
William Watts is MarketWatch markets editor. In addition to managing markets coverage, he writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. During his time at MarketWatch, Watts has served in key roles in the Frankfurt, London, New York and Washington, D.C., newsrooms.
