MNI BRIEF: US Budget Deficit At $1.15T Thru Feb

MNI BRIEF: BOC Saw Little Need For A 50BPs Rate Cut

BOC DID NOT SERIOUSLY CONSIDER A 50BP RATE CUT- MACKLEM

CORRECTED-MNI BRIEF: Brazil's Inflation Rises To 5.06% In Feb

MNI China Daily Summary: Wednesday, March 12

MNI BRIEF: China To Boost Environmental Equipment Industry

MNI: US FEB TREASURY BUDGET -$307.0B

EZ/UK T-Bill Calendar: 1/3/6-month UKTB Due Thursday

EZ/UK Bond Supply Calendar: Greece Synd / Italy Auction Thurs

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL: Tariff Threat Reiteration Spikes Crude

OIL
BulletEnergy BulletsCommodities

WTI has jumped back into gains on the day, likely supported by comments from the White House Press Secretary that the Feb. 1 deadline for applying tariffs on Mexico and Canada still stands.

  • Brent MAR 25 up 0.5% at 77.49$/bbl
  • WTI MAR 25 up 0.9% at 73.81$/bbl
  • Tariffs would add to the cost of importing crude from both countries, which are major suppliers of US crude imports.
  • Canada alone supplies around 60% of US crude imports and refineries in the Midwest and USGC are configured to run on its heavy sour grades.
88 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

WTI has jumped back into gains on the day, likely supported by comments from the White House Press Secretary that the Feb. 1 deadline for applying tariffs on Mexico and Canada still stands.

  • Brent MAR 25 up 0.5% at 77.49$/bbl
  • WTI MAR 25 up 0.9% at 73.81$/bbl
  • Tariffs would add to the cost of importing crude from both countries, which are major suppliers of US crude imports.
  • Canada alone supplies around 60% of US crude imports and refineries in the Midwest and USGC are configured to run on its heavy sour grades.