(NAFB) Tariffs against Canada and Mexico are paused through the rest of this month, and if you believe that means the oil markets are quiet, you would be mistaken.
Oil prices in early Monday action were trading slightly higher but still in the $72 a barrel range.
Patrick DeHaan with Gasbuddy.com says while there is concern the tariffs against Canada and Mexico will return, the more pressing concern is economic weakness in China.
That economic stimulation, DeHaan noted, remains an open-ended question that investors will be watching for some time.
DeHaan says just because oil prices aren’t moving higher doesn’t mean the price at your local station won’t be moving up in the coming days.
Again, Patrick DeHaan is with Gasbuddy.com.
