[ad_1] 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 […]
Oil set for biggest weekly loss since October on tariff turmoil – CNBC TV18
[ad_1] 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 […]
Oil steadies as investors assess fallout from US tariff threats – CNBC TV18
[ad_1] Oil held the bulk of the largest daily gain in more than six weeks as investors assessed the fallout from US President Donald Trump’s escalation of tariff threats against the country’s major trading partners. West Texas Intermediate traded near $70 a barrel after surging more than 2% on Thursday, with Brent closing just above […]
Oil set for weekly advance as supply uncertainty clouds outlook – CNBC TV18
[ad_1] Oil headed for its biggest weekly gain since early January on increasing supply uncertainty. Company Value Change %Change West Texas Intermediate rose toward $73 a barrel and is up almost 3% this week in its biggest advance since January 10. Brent crude closed above $76. OPEC+ could delay a production increase, Kazakh output remains […]
Oil steadies as Trump’s reciprocal tariffs add to trade tensions – CNBC TV18
[ad_1] Oil steadied as the market digested the fallout from President Donald Trump’s order of potential reciprocal tariffs on US trading partners. Company Value Change %Change West Texas Intermediate was above $71 a barrel after a modest decline on Thursday, while Brent closed near $75. The US president signed a measure to propose new levies […]
Oil heads for fourth weekly advance as market girds for Donald Trump – CNBC TV18
[ad_1] Oil headed for a fourth straight weekly gain ahead of President-elect Donald Trump’s second term, with traders seeking clarity on far-reaching sanctions and trade policies. West Texas Intermediate traded below $79 a barrel, up about 3% this week, while Brent closed above $81. Trump’s advisers are crafting a wide-ranging sanctions strategy to try to […]
Oil extends gains as aalling inventories outweigh China concerns – CNBC TV18
[ad_1] Oil rose for a second day as falling US inventories offset more signs of economic weakness in China, the biggest importer. Company Value Change %Change West Texas Intermediate traded above $74 a barrel, after finishing 0.8% higher on Thursday, while Brent closed near $77. Crude stockpiles at the Cushing, Oklahoma, hub dropped to the […]
Oil rally breaks crude out of tight range with technical support – CNBC TV18
[ad_1] Oil has broken out of a tight trading range that it’s been stuck in for months, with a breach of a key technical threshold and shrinking US crude stockpiles helping to drive prices higher. West Texas Intermediate was above $73 a barrel after a four-day rally that’s pushed futures to the highest level in […]
Oil drifts toward year-end as traders ponder outlook for 2025 – CNBC TV18
[ad_1] Oil drifted in thin end-of-year trading, with investors assessing the outlook for 2025 while tracking developments in the Middle East. Company Value Change %Change West Texas Intermediate steadied below $70 a barrel, after shedding 0.7% on Thursday, when Brent also settled lower. A gauge of 10-day volatility for the US crude benchmark has ebbed […]
Oil set for weekly gain as sanctions outlook offsets glut woes – CNBC TV18
[ad_1] Oil headed for a weekly advance as the prospect for tighter US sanctions against Iran and Russia countered persistent concerns around a sizeable global glut next year. Company Value Change %Change West Texas Intermediate traded near $70 a barrel, up around 4% so far this week, while Brent closed above $73. President-elect Donald’s Trump’s […]