Oil ticks up after hours on possibility of lower US tariff on Canadian oil

Oil prices rose as President Trump anticipated reducing proposed tariffs on Canadian oil from 25% to 10%, with duties on oil and gas expected around February 18. The adjustment and potential inclusion of oil in tariffs led to uncertainty and price increases. Canada and Mexico, major crude exporters to the U.S., may retaliate if tariffs are implemented. Oil prices rose as President Trump anticipated reducing proposed tariffs on Canadian oil from 25% to 10%, with duties on oil and gas expected around February 18. The adjustment and potential inclusion of oil in tariffs led to uncertainty and price increases. Canada and Mexico, major crude exporters to the U.S., may retaliate if tariffs are implemented.  Economic Times