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Express News | Occidental Petroleum Corp : Scotiabank Cuts Target Price to $60 From $65
Trump is planning a large-scale oil sanctions program while suppressing the three countries of Russia, Iran, and Venezuela.
Global oil prices may face drastic changes, as traders are adjusting their positions during the last moments before Trump's inauguration.
In response to Trump's "an eye for an eye," Canada has prepared a retaliation list and may impose taxes on United States Steel and Aluminum.
① Canada has prepared for the tariff threats from the United States President-elect Trump, planning to introduce retaliatory tariffs in phases, including taxes on all United States Steel and Aluminum products. ② The Canadian government is preparing for various scenarios: preliminary tariffs on 10 types of Commodities from the United States; if Trump takes broad trade measures, Canada may impose tariffs on United States Commodities worth 150 billion Canadian dollars, including all Steel and Aluminum products.
Oil Prices Retreat Amid Uncertainty Over Russian Sanctions