Canada's Foreign Minister Mélanie Joly warned that proposed U.S. tariffs could force America to rely on Venezuelan oil imports, as tensions escalate ahead of President Donald Trump's planned 25% levy on Canadian goods starting Feb. 1.
West Texas Intermediate (WTI) US Crude Oil prices tick lower during the Asian session on Wednesday and erode a part of the previous day's modest recovery gains from a nearly three-week low.
The US dollar fell a bit against the Canadian dollar during the trading week. This pair has seen a large amount of movement due to issues and policy regarding the Canadian government, and I think this will only continue to be a source of volatility.
Trump called for lower rates not just in the US but globally. This is unlikely to be the last time he will try to jawbone the central bank into looser monetary policy. Markets are likely to puke should Fed independence get compromised.
A recent emergency energy declaration has highlighted significant investment opportunities in energy infrastructure, particularly in response to the growing demands of AI data centers.
The Bank of Japan often finds itself navigating between a rock and a hard place, attempting to balance these complex forces in a tightrope monetary policy act.
Oil prices traded lower yesterday after President Trump’s speech at the World Economic Forum, while European gas prices remain well supported given storage concerns.
On Thursday, West Texas Intermediate futures maturing in March 2025 traded nearly 0.5% lower, while Brent futures maturing in the same month were down almost 0.4%.
