Oil prices jump on supply worries from Trump tariffs, cancelation of Chevron license in Venezuela
Source: Yahoo Finance
Oil prices jumped Thursday as traders assessed the impact of potential tariffs on Canadian oil imports after President Trump said levies against Canada and Mexico would go into effect next week, adding to supply worries following the announced cancellation of Chevron's license to operate in Venezuela.
On Thursday, West Texas Intermediate crude (CL=F) rose more than 2% to hover above $70 per barrel. Brent futures (BZ=F) also popped nearly 2% to trade above $73 per barrel.
On Thursday morning, the president posted on social media that tariffs against Mexico and Canada would go into effect as scheduled on March 4.
The president's plan presumably would include levies of 10% against Canadian petroleum imports.
Read more: https://finance.yahoo.com/news/oil-prices-jump-on-supply-worries-from-trump-tariffs-cancelation-of-chevron-license-in-venezuela-163137098.html
Stable genius
= new reply since forum marked as read
yet somehow his idiot supporters thought the opposite would happen citing 2020 COVID prices. 
