Oil Prices Keep Falling. Tariffs Aren't the Only Reason.
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Oil prices continue to decline, influenced by President Trump's confirmation of 25% tariffs on Canada and Mexico, and an additional 10% levy on China.
March 04, 2025 | 10:30 am
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The United States Brent Oil Fund (BNO) may experience a decline in value as oil prices fall due to new tariffs imposed by the US on Canada, Mexico, and China.
BNO, which tracks Brent crude oil prices, is likely to be negatively impacted by the decline in oil prices. The tariffs on major trading partners could lead to reduced demand for oil, thus affecting BNO's performance.
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