Oil prices were on track for weekly losses of roughly 2% amid uncertainties over looming U.S. tariffs. Brent crude was down 0.2% at $75.72 a barrel, while WTI fell 0.1% to $72.66 a barrel in volatile trade.

Crude oil prices fluctuated amid concerns over U.S. tariffs on Canadian and Mexican imports but are set to end the week lower.

Oil prices declined today, Jan. 29, ahead of the Federal Reserve's decision on interest rates and US inventory data after the American Petroleum Insti