[ad_1] Oil extended a volatile run as investors grappled with abrupt shifts in US tariff policy, with futures returning to losses after a brief relief rally ignited by President Donald Trump’s decision to pause some levies. Brent fell below $65 a barrel, after posting its best one-day gain since October, while west Texas Intermediate was […]
Oil extends brutal selloff as fresh tariff wave imperils demand – CNBC TV18
[ad_1] 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 […]
Oil poised for third weekly gain ahead of more Trump tariffs – CNBC TV18
[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 holds gains with China demand and geopolitical risk in focus – CNBC TV18
[ad_1] 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 […]
Oil holds hefty gain after easing US inflation aids sentiment – CNBC TV18
[ad_1] 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 […]
Oil extends drop as risk-off mood sends markets into tailspin – CNBC TV18
[ad_1] 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 […]
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 holds near six-month low as tariffs dent demand outlook – CNBC TV18
[ad_1] 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. […]
Oil holds losses near three-month low after OPEC+ signals hike – CNBC TV18
[ad_1] 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 […]
Oil edges higher as traders weigh fallout grom Trump’s tariffs – CNBC TV18
[ad_1] 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 […]