Oil ends at lowest price of the year on rising U.S. supplies, tariff disputes
U.S. and global oil futures declined on Thursday as a hefty rise in last week’s U.S. supplies and uncertainty surrounding tariff disputes helped to weaken the outlook for crude demand, prompting prices to settle at their lowest levels of the year.
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.
Crude Oil Price Outlook – Crude Oil Continues to Look for Floor After Tariff Spat
The US/Canada tariff spat caused a lot of noise in the oil markets, but at the end of the day, it looks like there isn’t going to be a massive trade war. Because of this, some of the anxiety in the oil markets seems to have disappeared.
Oil firms as Trump policies continue to drag on prices
Oil prices edged up on Thursday after Saudi Arabia's state oil company raised its March crude prices sharply, but the gains barely dented the previous day's slide in benchmark Brent crude. Brent crude futures rose 44 cents,
Oil prices drop on rise in U.S. supplies as tariffs threaten to dent Chinese demand
Oil futures on Wednesday marked their lowest settlement prices of the year, after official U.S. data showed a weekly climb of nearly 9 million barrels in U.S. crude inventories and as the U.S.-China trade battle threatened to dent demand.
Crude Oil Price Outlook – Crude Continues to Look for the Floor
The crude oil market continues to see a lot of choppy noise, but at this point in time, it looks like the market is about to try to recover.
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.
Oil prices recover slightly after Saudi Arabia raises prices
Oil prices edged up on Thursday after Saudi Arabia raised prices for March. However, the previous day’s decline in benchmark Brent prices was the largest in almost three months, and the increase was insignificant in comparison.
Crude Oil Prices5h
Oil Prices Remain Under Pressure From Trade War Fears
“Nevertheless, (today's) oil gains are limited, reflecting persistent concerns over supply and demand headwinds, including ...
Oil down as US crude inventories swell, traders worry about China-US trade
Oil prices fell more than 2% on Wednesday as a large build in U.S. crude and gasoline stockpiles signaled weaker demand, ...
Europe’s Oil Market Flashes Price Weakness on Refinery Halts
European crude prices have slumped to multimonth lows as the continent’s refineries start to take plants offline for regular ...
Crude Oil Prices46m
Russia’s Crude Oil Exports to EU via Ukraine Dropped 15% in 2024
The southern Druzhba route via Ukraine saw total Russian oil flows to the EU member states decline by 15% to 11.5 million tons last year, according to Vedomosti’s sources. This equals about 230,300 ...
TSX futures rise as crude prices advance; earnings in focus
Futures tied to Canada's main stock index rose on Thursday as oil prices edged higher, while investors also focused on ...
Oil Rises After U.S. Unveils Fresh Iran Sanctions
Oil prices rose in early trading after the U.S. imposed sanctions on an international network facilitating the shipment of Iranian crude to China to ramp up pressure on the Middle Eastern country.
Stuck Crude Oil Prices And Other Energy Matters
President Trump seeks American energy independence, focusing on fossil fuels and reducing government interference. Read more to see my thoughts.
Crude Oil Price Forecast: Bearish Momentum Builds Amid Correction
After hitting $70.91, crude oil eyes deeper support at $70.03 and $67.82, with potential for further declines unless support ...