[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 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 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 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 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. […]
Oil holds decline as market fixates on Donald Trump’s tariff threats – CNBC TV18
[ad_1] Oil steadied — after sinking by 2% on Monday — as US President Donald Trump threatened to introduce a wide-ranging set of tariffs on imports, including potentially on some key industrial commodities. Company Value Change %Change West Texas Intermediate traded above $73 a barrel, with Brent crude closing above $77. Trump said he’d impose […]
Oil heads for modest annual loss as market looks ahead to 2025 – CNBC TV18
[ad_1] Oil headed for a small annual loss after months locked in a narrow trading range, with the market facing the prospect of a turbulent year ahead. Company Value Change %Change West Texas Intermediate futures held above $71 after rising 0.6% on Monday, while Brent closed near $74. Donald Trump’s second presidential term, ongoing hostilities […]
Oil holds decline as poor China economic data weighs on outlook – CNBC TV18
[ad_1] Oil steadied following a decline, after poor economic data from China reinforced concerns about weakening demand in the world’s top crude importer. Company Value Change %Change West Texas Intermediate traded below $71 a barrel after slipping 0.8% on Monday, with Brent closing near $74. Chinese data on Monday showed falling refining activity and weak […]
Oil steadies after drop as Israel sees progress on ceasefire – CNBC TV18
[ad_1] Oil steadied after a sharp decline in the previous session as Israel said that it had edged closer to a ceasefire agreement with Hezbollah. West Texas Intermediate traded near $69 a barrel after losing 3.2% on Monday, while Brent crude closed near $73. Israel said it’s potentially days away from a deal with the […]
Oil steadies with Middle East tensions and US election in focus – CNBC TV18
[ad_1] Oil steadied after jumping almost 3% on Monday on heightened tensions in the Middle East and OPEC+’s decision to delay restoring barrels to the market. West Texas Intermediate traded near $72 a barrel after rising the most in more than three weeks in the previous session, while Brent closed above $75. Traders are on […]