Trump’s tariffs on Mexico and Canada sent crude prices down on Friday

 

As President Trump prepared to carry out his tariff on Canada and Mexico on Saturday, crude oil prices fell on Friday, adding to the week of losses.

The 25% tariffs impacted investors and added to a 2.9% loss for the week by West Texas Intermediate crude. Brent fell 2.1% for the week. Both benchmarks ended the week with a second straight week of losses.

For the week, the Brent and WTI benchmarks lost 2.1% and 2.9%, respectively, and marked the second straight week of losses.

West Texas Intermediate closed Friday down 20 cents or 0.3% and closed at $72.53 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude futures for March finished down 11 cents at $76.76 a barrel.

Natural gas prices rose 3 cents or 0.89% and closed at $3.07.

All but a few of the Oklahoma energy stocks we follow daily suffered losses on Friday.

Vital Energy had the biggest drop at nearly 5% followed by Ovintiv Inc. at 4%.

 

Alliance Resource Partners, L.P.
28.70 USD+0.32 
Coterra Energy Inc
27.72 USD−0.67 
Devon Energy Corp
34.10 USD−0.95 
Empire Petroleum Corp
5.85 USD−0.23 
Expand Energy Corp
101.60 USD−1.12 
Gulfport Energy Corp
178.51 USD−5.58 
Helmerich and Payne Inc
31.59 USD−0.23 
LSB Industries Inc
8.44 USD−0.080 
Mach Natural Resources LP
17.80 USD−0.010 
Mammoth Energy Services Inc
2.99 USD0.00 
Matrix Service Co
13.56 USD−0.47 
NGL Energy Partners LP Unit
5.48 USD−0.080 
OGE Energy Corp
42.23 USD−0.49 
ONE Gas Inc
70.64 USD+0.14 
ONEOK Inc
97.17 USD−2.70 
Ovintiv Inc
42.22 USD−1.65 
PHX Minerals Inc
3.77 USD−0.12 
SandRidge Energy Inc
11.85 USD−0.30 
Unit Corp
29.06 USD−0.15 
Vital Energy Inc
31.90 USD−1.55 
Williams Companies Inc
55.43 USD−1.16