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

Quick Summary:

BEIJING :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.

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

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

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Category: EconomyBusiness

Markets: SingaporeFrance

Topics: Pumpjack Vermilion Operates Barrel Photo: Mediacorp Energy Experience Site File Trigueres

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-21 @ 07:25:15 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 156 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 25301611

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 34 posts per day

Year Established: 1999

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News Last Updated: 1 hours ago

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