The tariffs President Trump threatened this week on Brazil and also on on copper, semiconductors and pharmaceuticals sent crude oil prices falling 2% on Thursday.
The White House also sent tariffs letters to the Philippines, Iraq and others and the result was a decline in oil prices.
Global benchmark Brent crude dropped $1.55 or 2.21% to close at $68.64 a barrel.
US benchmark, West Texas Intermediate crude fell $1.81 or 2.65% before settlilng at $66.57 a barrel on the New York Mercantile Exchange.
Thursday was another down day for most Oklahoma energy stocks with Empire Petroleum dropping 10% for the day.
Alliance Resource Partners LP
26.85 USD+0.32
Coterra Energy Inc
25.10 USD−0.040
Devon Energy Corp
33.95 USD−0.63
Empire Petroleum Corp
5.53 USD−0.60
Expand Energy Corp
105.20 USD0.00
Gulfport Energy Corp
175.93 USD+0.86
Helmerich and Payne Inc
17.22 USD+0.14
LSB Industries Inc
8.36 USD−0.020
Mach Natural Resources LP
14.70 USD+0.24
Mammoth Energy Services Inc
2.64 USD−0.0100
Matrix Service Co
13.37 USD−0.38
NGL Energy Partners LP Unit
4.24 USD−0.040
OGE Energy Corp
44.52 USD+0.36
ONE Gas Inc
73.68 USD+0.54
ONEOK Inc
80.91 USD−0.25
Ovintiv Inc
40.91 USD+0.41
SandRidge Energy Inc
10.82 USD−0.070
Stardust Power Inc
0.23 USD−0.0041
Unit Corp
26.98 USD+0.16
Vital Energy Inc
18.29 USD−0.040
Williams Companies Inc
57.78 USD−0.070
