Oil Prices Drop on Trump's First Day in Office

Oil prices dropped ahead of Donald Trump's first day back in office, with expectations of a stronger dollar and a delay to his tariff threats both boosted bearish sentiment.- On his first day in office, US President Donald Trump signed an executive order to withdraw from the Paris Climate Agreement and instructed the Energy Department to lift the government freeze on new LNG export permit applications.- By revoking the 2021 Biden electric vehicle mandate, albeit not legally binding with its 50% target by 2030, Trump hinted at a potential end to…