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A notable development today is the surge in oil prices, following U.S. President Donald Trump's imposition of tariffs on Canada, Mexico, and China. These tariffs have instigated fears of supply disruptions from the U.S.'s two primary suppliers. Despite this initial boost, the ongoing concerns surrounding lower demand have tempered price gains, leaving Brent crude at approximately $77.72 a barrel, marking a 0.9% increase, while West Texas Intermediate (WTI) saw a more substantial uptick of 1.90%, reaching $76.34 a barrel.