Oil prices drop on rise in U.S. supplies as tariffs threaten to dent Chinese demand
Oil futures fell Wednesday, feeling pressure after industry data showed a large rise in U.S. crude inventories and as investors feared a U.S. -China trade battle will dent demand.
Tariffs are looming. But a lot of things are shaping oil prices this year.
Thanks to abundant supply and fairly flat demand, oil prices are forecast to fall — unless tariffs and geopolitics get in the way.
Oil down amid rising US crude inventories, China-US tariff war
Oil prices fell more than 2% on Wednesday as a large build in U.S. crude and gasoline stockpiles signalled demand weakness while concern about a new China-U.S. trade war fuelled fears of softer economic growth.
U.S. benchmark oil prices end lower as China trade dispute fuels demand concerns
U.S. oil prices on Tuesday gave back most of their gains from a day earlier after the U.S. implemented an additional 10% tariff on Chinese imports and Beijing retaliated with measures of its own, raising concerns over the prospects for demand.
China Tariffs on US Oil Come as Exports Have Sunk From Peak
The first round of Chinese sanctions to hit US oil were received with a whimper, and traders are speculating that the move is unlikely to rattle American exports of crude.
China's tariffs on U.S. oil come after exports fell sharply from 2020 peak
Crude oil futures finished mixed Tuesday, rebounding from sharp early losses after President Trump signed a memorandum restoring his "maximum pressure" policy against Iran that he practiced in his first term,
Oil pares losses after Saudi price increase
Oil prices ticked up in early Asian trading on Thursday, steadying from a sell-off the previous day after Saudi Arabia's ...
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Here's Why Oil Prices Could Go Higher in the Short Term
If the U.S. enforces strict sanctions on Iran and Russia, and tariffs disrupt North American supply chains, oil prices could ...
Why Trump is going to have a hard time lowering oil prices
"Despite the 'energy emergency' claims, the US is producing energy in record quantities," JPMorgan Asset Management wrote.
Oil mixed as Trump restores pressure on Iran, tariff drama caps prices
Oil prices diverged at settlement on Tuesday amid tariff drama between Washington and Beijing, and after U.S. President ...
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Large Unexpected Crude Build Sinks Oil Prices
Crude oil inventories and gasoline stocks saw larger than expected builds last week, leading to a renewed sell off in oil ...
Oil, Natural Gas, USD/CAD Analysis: Energy Prices Struggle Against Trade Shifts
WTI crude oil remains under pressure, while natural gas bounces off strong support and shows signs of a potential recovery.
Sasol sees up to 36% drop in half-yearly profit on lower oil prices
South African petrochemical firm Sasol forecast a fall of up to 36% in half-yearly earnings on Wednesday, mainly due to a ...
Trump oil tariffs expected to raise price at the pump
President Trump’s tariff on Canadian oil is expected to raise prices at the pump for U.S. consumers, if it takes effect as ...
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Here is the official petrol price for February
The Department of Petroleum and Mineral Resources has published the official fuel price adjustments that will take effect on ...
Oil Prices Climb After US Tariffs Spark Supply Disruption Fears
(Reuters) - Oil prices rose on Monday after U.S. President Donald Trump imposed tariffs on Canada, Mexico and China, raising ...