Oil Prices Fall After Colombia’s Tariff Threat Is Reversed
Alex Kimani
Alex Kimani is a veteran financing author, financier, engineer and scientist for Safehaven.com.
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By Alex Kimani - Jan 27, 2025, 11:00 AM CST
Oil costs pulled back on Monday after the Trump administration drew back from sanctions risks versus Colombia over unlawful migration, relieving issue about oil supply disturbances. Information from analytics firm Kpler reveals that Colombia in 2015 sent out about 41% of its seaborne crude exports to the U.S. Brent crude for March shipment slipped 1.99% to trade at $76.94 per barrel at 9.50 am ET while WTI crude for February shipment fell by 2.2% to alter hands at $73.02 per barrel.
The Government of Colombia has actually conse...