Crude oil prices made slight gains in Monday’s trading as investors still pondered the impact of Trump’s tariffs on Canada, Mexico and China.
Anxiety about a growing trade war grew Monday before the President agreed to a 30-day pause on his tariff threats against Mexico and Canada as America’s two largest trading partners took steps to appease his concerns about border security and drug trafficking.
The slight gain came after U.S. prices rose more than $1 a barrel earlier in the session.
West Texas Intermediate crude finished up 63 cents or 0.9% to settle at $73.16 a barrel on the New York Mercantile Exchange.
Brent crude gained 29 cents or 0.4% to finish the day at $75.96 a barrel. It was Brent’s lowest close since Jan. 2.
Natural gas gained 31 cents or 10.12% for the day, settling at $3.35.
Monday’s trading ended with a split between those with gains and those with losses of Oklahoma energy stocks.
Four percent losses were recorded by Alliance Resource Partners and Vital Energy.