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%.