Oil prices remained stable early on Wednesday, amid uncertainty stemming from changing U.S. trade policies. Market participants are closely evaluating the potential repercussions of the U.S.-China trade conflict on economic growth and energy demand. Brent crude futures experienced a modest increase of 5 cents, or 0.1%, reaching $64.72 per barrel as of 0039 GMT. Meanwhile, Read More
Oil prices remain steady as the ongoing US-China trade conflict continues to impact the global growth forecast. Oil prices remained steady in early trading on Monday, amid rising concerns that the intensifying trade conflict between the United States and China could hinder global economic growth and negatively impact fuel demand. Brent crude futures experienced a slight Read More
In early trading on Wednesday, oil prices experienced a significant decline, reaching their lowest levels in over four years. This downturn is attributed to growing concerns over demand, exacerbated by an intensifying tariff conflict between the United States and China, the two largest economies globally, alongside an increasing supply forecast. Brent futures experienced a decline of Read More
Oil prices extended their decline on Monday, tumbling nearly 3% to reach levels not seen since 2021, as an intensifying U.S.–China trade dispute sent shockwaves through global commodity markets. The rout, which also dragged down base metals and agricultural products, reflects mounting investor anxiety over the prospect of a worldwide economic slowdown. In Asian trading, Read More
Brent crude prices have experienced a decline of over 3%, reaching their lowest point since 2021. Oil prices approached their lowest closing levels since the height of the coronavirus pandemic in 2021 on Friday, impacted by U.S. President Donald Trump’s announcement of new tariffs and increased output from the OPEC+ producer group. Brent futures experienced a significant Read More
On Thursday, eight OPEC+ nations reached an unexpected consensus to expedite their strategy for phasing out oil production cuts, opting to raise output by 411,000 barrels per day in May. This decision led to a continuation of the significant declines in oil prices observed earlier. Oil prices, having already decreased by more than 4% following Read More
Oil prices stabilized on Wednesday following a decline in the prior session, driven by apprehensions that new U.S. tariffs, expected to be announced later in the day, could exacerbate a global trade conflict, potentially constraining crude demand. The announcement of tariffs by President Trump is set to occur, concurrently with heightened sanctions on Iran and Read More
