Canadian Crude Prices Rise Amid Easing Concerns Over US Tariffs

Concerns regarding potential tariffs on Canadian oil imports by the United States are diminishing, leading to a rise in local crude prices. The start date for these tariffs has been repeatedly postponed. On Monday, Western Canadian Select for April delivery traded at $11.70 less per barrel than West Texas Intermediate, marking the narrowest discount since November 15, before then President-elect Trump initially threatened the tariffs.