Oil prices drop on rising U.S. inventories and fears tariffs will dent Chinese demand
Oil futures fell Wednesday, feeling pressure after industry data showed a large rise in U.S. crude inventories and as investors feared a U.S. -China trade battle will dent demand.
Oil drops amid rising US crude inventories, Sino-US tariff war
Oil prices dropped over 1% on Wednesday as rising U.S. stockpiles and concern about a new Sino-U.S. trade war fuelled fears of weaker economic growth, offseting U.S. President Donald Trump's renewed push to eliminate Iranian crude exports.
Tariffs are looming. But a lot of things are shaping oil prices this year.
Thanks to abundant supply and fairly flat demand, oil prices are forecast to fall — unless tariffs and geopolitics get in the way.
U.S. benchmark oil prices end lower as China trade dispute fuels demand concerns
U.S. oil prices on Tuesday gave back most of their gains from a day earlier after the U.S. implemented an additional 10% tariff on Chinese imports and Beijing retaliated with measures of its own, raising concerns over the prospects for demand.
Oil declines amid rising US crude inventories, Sino-US tariff war
Oil prices slid on Wednesday as rising stockpiles in the U.S. and market worries about a new Sino-U.S. trade war offset President Donald Trump's renewed push to eliminate Iranian crude exports. Brent crude futures were down 39 cents,
Trump Tariffs: China Hits Back With U.S. Penalties; Oil Prices Slip
President Trump delayed tariffs on Mexico and Canada, but imposed 10% levies on China, prompting Beijing to retaliate. Follow along for live updates on stocks and markets, including the Dow Jones Industrial Average,
Trump’s "Drill, Baby, Drill" Pledge Will Not Save Oil
There is no doubt there will be an impact of the second Trump presidency on the energy transition, but it is unlikely to have ...
OPEC oil output falls for second month in January on Nigeria, Iran, survey finds
OPEC oil output fell in January for a second month, a Reuters survey found, as a drop in exports from Nigeria and Iran offset ...
US and international oil producers are pushing back on the Trump administration's plan to pump more crude
Neither OPEC nor US shale firms appear willing to increase oil supply, despite President Trump's pledge to bring down energy ...
Why Big Oil is resisting Trump’s call to ‘drill, baby, drill'
US President Donald Trump wants energy producers to drill for more oil. He claims it will lower prices for consumers and ...
Drone attack sparks blaze at oil depot in Russia's Krasnodar, governor says
A Ukrainian drone attack overnight sparked a fire at an oil depot in Russia's southern region of Krasnodar that has since ...
Diddy sued by 3 accusers, including man alleging baby oil used during assault was drugged
Among three lawsuits filed against Diddy on Tuesday was one alleging the mogul said he'd help a man's career but coerced him ...
Oil spill extends nearly 2 miles down river after containment tanks leak at Westmoreland County steel plant
Water rescue crews and first responders were on the scene Monday afternoon following an oil spill at a plant in Lower Burrell ...
Nigeria moves to restart oil production in vulnerable region after Shell sells much of its business
The Nigerian government is in talks with local communities to restart oil production in a region that’s previously suffered ...
Trump Reimposes 'Maximum Pressure' on Iran, Aims to Drive Oil Exports to Zero
U.S. President Donald Trump on Tuesday restored his "maximum pressure" campaign on Iran that includes efforts to drive its ...