[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 […]
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 […]
US oil steadies in the $60s as dour economic sentiment weighs – CNBC TV18
[ad_1] Oil in New York steadied after sinking back into the $60s-a-barrel range as a souring economic outlook threatened prospects for energy demand and spurred investors to shun risk assets including crude. West Texas Intermediate held above $69 a barrel after losing more than 2% on Tuesday for its lowest close since mid-December, with Brent […]
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 holds advance with OPEC+ possibly delaying supply increase – CNBC TV18
[ad_1] Oil steadied after an advance as OPEC+ delegates said the group was considering delaying restoring output, and Ukrainian drones attacked a crude-pumping station in Russia. Company Value Change %Change West Texas Intermediate traded near $71 a barrel, while Brent crude closed above $75. The cartel and its allies are considering pushing back a series […]
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 steadies as US industry report points to big stockpile gain – CNBC TV18
[ad_1] Oil steadied after an industry report indicated a large increase in US crude stockpiles, as the market continued to watch for more trade salvos from President Donald Trump. Company Value Change %Change West Texas Intermediate traded near $73 a barrel after climbing almost 4% over the previous three sessions. Brent closed at $77. Inventories […]
Oil holds advance as lower Russia flows offset Trump’s tariffs – CNBC TV18
[ad_1] Oil steadied after the biggest gain in almost four weeks as tighter Russian crude supply overshadowed concerns over the fallout from President Donald Trump’s expanding tariffs. Company Value Change %Change West Texas Intermediate traded above $72 a barrel after climbing nearly 2% on Monday, while Brent closed higher for a second session near $76. […]