China Data, Tariff Threats Keep Crude Prices in Check -- Market Talk

Dow Jones

2025/01/27

0941 ET - Crude futures are lower as the participants consider the potential impact of U.S. trade tariffs on different countries, a report that sanctions are having limited effect on Russian oil exports and a weak Chinese manufacturing reading for January. The lower-than-expected Chinese PMI "has most traders back in the camp that Asian demand will be slower to come back," Dennis Kissler of BOK Financial says in a note. WTI is off 0.5% at $74.30 a barrel, and Brent is down 0.4% at $78.20 a barrel. (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

January 27, 2025 09:41 ET (14:41 GMT)

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