Oil prices jump on supply worries from Trump tariffs, cancelation of Chevron license in Venezuela
- Posted on February 27, 2025
- By AOL
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Oil prices jump on supply worries from Trump tariffs, cancelation of Chevron license in Venezuela
Oil prices jumped Thursday as traders assessed the impact of potential tariffs on Canadian oil imports after President Trump said levies against Canada and Mexico would go into effect next week, adding to supply worries following the announced cancelation of Chevron's license to operate in Venezuela.
