New York oil prices have recently undergone adjustments, falling slightly as fatigue from short-term surges has strengthened their desire to realize profits.
West Texas Intermediate crude for February delivery, which is near-month, closed at $73.56 a barrel, down $0.40 from the previous session and 0.54% from the previous session on the New York Mercantile Exchange.
Brent crude oil for March delivery, which is subject to international market comparisons, closed at $76.3 a barrel, down $0.21 and 0.27% from the previous session.Oil prices rose in the early part of the
chapter after reports that Trump was considering "selective tariffs" rather than universal tariffs, but oil prices turned downward as Trump immediately denied them.
In addition, some profit-taking sales appear to have opened as oil prices have jumped in a short period of time due to expectations for China's large-scale stimulus measures, leading to fatigue.
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