Oil watchers say inflation risks will stave off Trump's Canada tariff threat
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Industry experts suggest that potential tariffs on Canadian oil by President-elect Donald Trump could lead to higher fuel prices. U.S. refiners may face lower margins, and consumers could see increased prices, according to Goldman Sachs.
November 27, 2024 | 9:30 am
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The potential tariffs on Canadian oil could lead to higher oil prices, impacting the United States Brent Oil Fund (BNO) as it tracks the price of Brent crude oil.
BNO tracks Brent crude oil prices, which could rise if tariffs on Canadian oil are implemented, leading to higher oil prices globally.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80