0942 ET - Oil futures are lower as President Trump's trade tariff threats remain a concern, including 25% duties against Mexican and Canadian goods, and 10% on Canadian oil. "The oil tariffs and broad-based reciprocal tariffs are increasingly being viewed as a negative influence on global economic growth that could force additional downside revisions in world oil demand in the coming weeks," Ritterbusch says in a note. The firm sees the market more likely to sell rallies than buy pullbacks toward WTI support at $70 a barrel. WTI is off 0.6% at $70.25, and Brent is down 0.7% at $74.26 a barrel. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
February 25, 2025 09:42 ET (14:42 GMT)
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