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Oil Prices Slump as Trump Walks Back Greenland Tariff Threat
Market Intelligence Analysis
AI-Powered
Why This Matters
Oil prices dropped by 1.5% following President Trump's decision to walk back his threat to impose tariffs on NATO allies over Greenland's sovereignty, causing WTI Crude to fall below $60 per barrel.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Oil prices fell by about 1.5% early on Thursday as U.S. President Donald Trump walked back on his threat to slap tariffs on NATO allies for supporting Greenland’s sovereignty. As of 7:42 a.m. ET on Thursday, the U.S. benchmark WTI Crude had dropped below the $60 per barrel mark, which it hit early this week amid intensified rhetoric regarding the U.S. interest in taking control of Denmark’s autonomous territory. WTI Crude traded 1.58% lower at $59.66. The international benchmark, Brent Crude, slipped below the $65…
Original article published by
OilPrice.com
on January 22, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.