Positive

From Investing.com: 2025-02-04 09:27:00

President Donald Trump will pause additional tariffs on Canadian imports for 30 days after a call with Prime Minister Justin Trudeau. Trudeau made concessions to temporarily stave off the levies, implementing a $1.3 billion border plan and appointing a fentanyl czar. The markets reacted positively to the pause, reversing spikes in oil and crude prices and stocks. However, the tariff drama continues as China retaliated against the Trump 10 percent tariff with import taxes on various goods. In commodity trading, oil prices surged then dropped, with no major trading ranges established. OPEC+ agreed to gradually raise oil output from April, while natural gas prices surged due to winter weather and tariff concerns. Inflation-adjusted natural gas prices decreased in 2024 compared to 2023 due to high inventories and mild winter temperatures.



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