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Oil prices little changed as investors weigh impact of Trump tariffs [Yahoo! Finance Canada]

Chevron Corporation (CVX) More Company Research Source: Yahoo! Finance Canada

Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report

US:NYSE Investor Relations: chevron.com/investors

impact of U.S. tariffs on countries buying oil and gas from Venezuela against the effect of tariffs on industries such as automobiles on the global economy and oil demand. Brent crude futures were up 1 cent at $73.01 a barrel by 0121 GMT. U.S. West Texas Intermediate crude rose 1 cent to $69.12. Both benchmarks gained more than 1% on Monday after U.S. President Donald Trump announced a 25% tariff on countries importing oil and gas from Venezuela. "Investors fear Trump's various tariffs could slow the economy and curb oil demand, but the prospect of tighter U.S. sanctions on Venezuelan and Iranian oil constraining supply, along with his swift policy shifts, make it difficult to take large positions," said Tsuyoshi Ueno, senior economist at NLI Research Institute. "We expect WTI to stay around $70 for the rest of the year, with potential seasonal gains as the U.S. and other countries enter the driving season," he added. Last week, the U.S. issued new sanctions intended to hit [Read more]

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