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Crude oil turns lower as Trump’s commerce secretary pick says tariffs can be avoided

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Jan. 29, 2025 6:50 PM ETUnited States Oil Fund, LP ETF (USO), CL1:COMUCO, DBO, UNG, FCG, USL, SCO, UNL, BNO, BOIL, KOLD, GUSH, DRIP, USOI, CO1:COM, NG1:COMBy: Carl Surran, SA News Editor
Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

SlavkoSereda/iStock via Getty Images

Oil prices fell Wednesday, with WTI settling at its YTD low, after U.S. crude stockpiles rose more than expected last week as exports fell and refineries lowered their capacity use.

Domestic crude oil stockpiles rose by 3.46M barrels last week, the

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