Oil extended a brutal selloff that’s driven prices to a four-year low as an intensifying trade war threatens to batter energy demand. Brent sank as much as 3.1% to drop below $61 a barrel, as West Texas Intermediate fell for a fifth day. While the White House said it is open to deals with some […]
Oil poised for third weekly gain ahead of more Trump tariffs – CNBC TV18
Oil headed for a third weekly advance as the market braced for more tariffs from the Trump administration due early next week. Brent traded near $74 a barrel after closing 0.3% higher on Thursday, while West Texas Intermediate was below $70. So-called reciprocal levies and a duty on buyers of crude from Venezuela are scheduled […]
Citi forecasts gold surge to $3,500 amid tariff uncertainty, copper and oil prices in focus – CNBC TV18
Gold prices are expected to rise further, with Citi projecting a continued upward trajectory in the coming months. Max Layton, Global Head of Commodities at Citi, said that the key factors supporting the ongoing bull market remain unchanged. Layton said, “In our base case, gold prices are expected to reach $3,200 per ounce over the […]
Oil holds gains with China demand and geopolitical risk in focus – CNBC TV18
Oil steadied after a two-day gain, with the outlook for China’s economy and geopolitical risk in the Middle East remaining in focus. Brent crude traded near $71 a barrel after rising by 1.7% over the past two sessions, with West Texas Intermediate above $67. There were optimistic signals in the world’s two biggest crude consumers, […]
Oil holds hefty gain after easing US inflation aids sentiment – CNBC TV18
Oil steadied, after the biggest gain in two weeks, as easing US inflation aided broader financial market sentiment. West Texas Intermediate traded below $68 a barrel after jumping 2.2% on Wednesday, with Brent crude closing near $71. US consumer prices rose at the slowest pace in four months in February, official data showed, although economists […]
Oil extends drop as risk-off mood sends markets into tailspin – CNBC TV18
Oil fell a second day, tracking a plunge in equity markets and other risk assets on concerns tariffs and other measures will stunt growth in the world’s largest economy. Brent crude dropped to near $69 a barrel after sliding 1.5% on Monday while West Texas Intermediate declined below $66. Investors retreated from every type of […]
Oil set for biggest weekly loss since October on tariff turmoil – CNBC TV18
Oil was on track for the biggest weekly decline since October as US President Donald Trump’s on-off tariffs against major trading partners injected volatility and uncertainty into global markets. West Texas Intermediate futures traded near $66 a barrel, and are down 5% so far for the week on concerns levies will dent demand. Brent closed […]
Oil holds near six-month low as tariffs dent demand outlook – CNBC TV18
Oil held near the lowest level in six months as President Donald Trump’s sweeping tariffs opened up trade wars on multiple fronts, raising concerns about the outlook for energy demand. West Texas Intermediate traded near $66 a barrel after losing more than 5% over the past four sessions. Brent closed below $70 on Wednesday. Trump […]
Oil holds losses near three-month low after OPEC+ signals hike – CNBC TV18
Oil held near the lowest in almost three months after OPEC+ signaled plans to revive halted production, just as the Trump administration threatens trade wars on multiple fronts. West Texas Intermediate was near $68 a barrel after dropping 2% on Monday, while Brent closed below $72. In a surprise move, the producer group will start […]
Oil edges higher as traders weigh fallout grom Trump’s tariffs – CNBC TV18
Oil gained at the start of the week ahead of planned tariffs by the Trump administration on major US trading partners including China, which raises the prospect of retaliatory measures and market volatility. Brent climbed above $73 a barrel after posting the biggest monthly loss since September, while West Texas Intermediate futures traded near $70. […]