Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Brent oil futures continue to trade below $70 a barrel as tariff uncertainties continue
    Commodities

    Brent oil futures continue to trade below $70 a barrel as tariff uncertainties continue

    March 6, 20253 Mins Read


    Crude oil futures remained steady on Friday morning as uncertainty around US tariffs continued to impact the market.

    At 9.59 am on Friday, May Brent oil futures were at $69.50, up by 0.06 per cent, and April crude oil futures on WTI (West Texas Intermediate) were at $66.35, down by 0.02 per cent.

    March crude oil futures were trading at ₹5795 on Multi Commodity Exchange (MCX) during the initial hour of trading on Friday against the previous close of ₹5784, up by 0.19 per cent, and April futures were trading at ₹5790 against the previous close of ₹5780, up by 0.17 per cent.

    The US President Donald Trump, on Thursday suspended the 25 per cent tariffs imposed on most goods imported from Canada and Mexico till April 2. However, tariffs on steel and aluminium will come into effect on March 12.

    Meanwhile, a post on X by Dominic LeBlanc, Canada’s Finance and Intergovernmental Affairs Minister, said: “The United States has agreed to suspend tariffs on CUSMA-compliant exports from Canada until April 2nd. As a result, Canada will not proceed with the second wave of tariffs on $125B of US products until April 2nd, while we continue to work for the removal of all tariffs.”

    The amended US order does not fully cover energy products from Canada. The energy products are under a separate 10 per cent tariff.

    Quoting a White House official, a Reuters report said that not all energy products imported from Canada are covered under the US-Mexico-Canada Agreement on trade that Trump negotiated in his first term as president.

    Market players feel that uncertainty over US tariff decisions is impacting the growth of the global economy. This in turn is impacting the demand for commodities such as crude oil.

    March copper futures were trading at ₹887.15 on MCX during the initial hour of trading on Friday against the previous close of ₹890.85, down by 0.42 per cent.

    On the National Commodities and Derivatives Exchange (NCDEX), April jeera contracts were trading at ₹20905 in the initial hour of trading on Friday against the previous close of ₹20970, down by 0.31 per cent.

    April turmeric (farmer polished) futures were trading at ₹11874 on NCDEX in the initial hour of trading on Friday against the previous close of ₹11988, down by 0.95 per cent.

    • Also read: Stock Market Live Updates 7 March 2025: Indian markets track global weakness; Sensex down nearly 200 points

    SHARE

    • Copy link
    • Email
    • Facebook
    • Twitter
    • Telegram
    • LinkedIn
    • WhatsApp
    • Reddit

    Published on March 7, 2025





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    How Twisted Metal Left a Scar – Literally

    Commodities

    Zuma Agricultural Harvest Festival begins 2025 planting season

    Commodities

    Ozzy Osbourne obituary: heavy metal wildman and lovable reality TV dad

    Commodities

    Commodity options strategies for easing participation of hedgers and small stakeholders

    Commodities

    Agricultural research boost: PAU secures Rs 4 crore GoI project for predictive breeding of guava | Ludhiana News

    Commodities

    The 9 new heavy metal songs you need to hear this week

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Fintech

    SoFi: A No-Brainer Fintech Buy (NASDAQ:SOFI)

    Investments

    China’s Ping An raises $3.5 billion in convertible bond deal | The Mighty 790 KFGO

    Cryptocurrency

    Check rates of Dogecoin, Tether, Bitcoin, Ethereum

    Editors Picks

    Fund Green Energy Projects with Tax Exempt Bonds, Credits: CLA

    August 8, 2024

    Whales are doubling their investments in these 3 altcoins

    October 18, 2024

    North-South divide: Social housing challenges more severe in Northern England, research reveals

    August 18, 2024

    Marimaca Copper Corp. annonce les résultats de nouveaux forages à Pampa Medina Norte

    May 15, 2025
    What's Hot

    Huge Setback For Lummis As Landmark Cryptocurrency Bill Shot Down

    May 9, 2025

    Alternative Airlines partners Triple-A to expand cryptocurrency options

    October 11, 2024

    GT4 European Series – Podium pour Benjamin Lessennes en ouverture de la saison au Paul Ricard

    April 13, 2025
    Our Picks

    UK property market sees green shoots as buyers anticipate rate cut, lower mortgage rates

    July 22, 2024

    Gold Cup 2025 : renversant !

    July 1, 2025

    Is United Parcel Service, Inc. (UPS) Low PE High Dividend Stock to Buy Now?

    February 16, 2025
    Weekly Top

    I have a £900,000 pension pot, how much income will I be able to get in retirement?

    August 1, 2025

    Ozzy Osbourne obituary: heavy metal wildman and lovable reality TV dad

    August 1, 2025

    £81 million in property sales in May and June

    August 1, 2025
    Editor's Pick

    La fintech ivoirienne Djamo atteint un million d’utilisateurs et vise une expansion majeure

    April 8, 2025

    Real Estate & Construction News Roundup (8/21/24) – REITs Show Their Strength, Energy Prices Increase Construction Costs and CRE Struggles to Keep Pace | Pillsbury – Gravel2Gavel Construction & Real Estate Law

    August 23, 2024

    What to know about Trump cryptocurrency meme coins

    January 20, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.