Commodities and Futures News

US crude futures down $1 a barrel on Trump plan to boost fossil fuel output

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2025.01.20 19:13

BEIJING (Reuters) -U.S. oil prices were down by more than $1 a barrel in early Asian trading on Tuesday from Friday’s close after President Donald Trump took office and announced a plan to maximise U.S. oil and gas production by declaring a national emergency.

© Reuters. File Photo: A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. REUTERS/Benoit Tessier/File photo

The most actively traded WTI crude March contract fell by $1.02 to $76.37 a barrel by 2356 GMT on Monday.

There was no settlement in the U.S. market for Jan 20 due to the Martin Luther King public holiday.

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