The oil market returned much of its profits yesterday after Mexico and Canada reached an agreement with the US, which caused a delay in tariff implementation. Both Mexico and Canada agreed to allocate more resources to their border to combat the fentanyl flow towards the US Falling more than 1%, while the NYMEX RBOB and ULSD are under a relatively higher pressure, FX analysts of ING, Francesco Pesole point out.
OPEC+ recommends not changing your production policy
“It is not surprising that fears on Canadian oil tariff , the weakest differential since July 2024. The differential has been weakening for much of this year, given concerns about tariffs. Pipeline capacity from its producing regions to its east and west coast. “
“OPEC+ yesterday celebrated its meeting of the Set MONITORING (JMMC) Ministerial Committee Since April.
“Preliminary production numbers show that OPEC production fell into 70k b/d Mom at 27.03Mb/d in January according to a Bloomberg survey. Iraq led the falls, with its production falling into 110k b/da 4.01Mb/ d.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
