Energy Markets
Views on Trump's auto tariffs are mixed; oil prices rise on tighter supply risk
The oil prices rose on Thursday, as traders assessed the impact of President Donald Trump's new auto tariffs and concerns over tighter global supplies after U.S. threats to impose tariffs on Venezuelan oil purchasers. Brent crude futures rose 7 cents or 0.1% to $73.86 per barrel. U.S. West Texas Intermediate Crude Futures increased 10 cents or 0.1% to $69.75 per barrel at 0406 GMT. The price of oil rose by around 1 percent on Wednesday. This was due to government data that showed U.S. crude and fuel inventories had fallen last week and the threat from the U.S. of tariffs...