Oil
(Bloomberg) — Oil steadied as traders awaited US-China trade negotiations that may significantly impact the outlook for global growth and energy demand. Most Read from Bloomberg West Texas Intermediate futures erased gains after briefly topping $60 a barrel earlier, following a 3.4% increase on Tuesday. US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer […]
Logo of the Organization of the Petroleum Exporting Countries (OPEC) Andrey Rudakov | Bloomberg | Getty Images U.S. crude oil futures fell more than 4% on Sunday, after OPEC+ agreed to surge production for a second month. U.S. crude was down $2.49, or 4.27%, to $55.80 a barrel shortly after trading opened. Global benchmark Brent […]
DUBAI, United Arab Emirates (AP) — President Donald Trump on Thursday threatened sanctions on anyone who buys Iranian oil, a warning that came after planned talks over Tehran’s rapidly advancing nuclear program were postponed. Trump wrote on social media, “All purchases of Iranian Oil, or Petrochemical products, must stop, NOW!” He said any country or […]
DUBAI, United Arab Emirates (AP) — U.S. airstrikes targeting the Ras Isa oil port held by Yemen’s Houthi rebels killed 20 people and wounded 50 others, the group said early Friday. The strikes, confirmed by the U.S. military’s Central Command, represent one of the highest reported death tolls so far in the campaign launched under […]
US airstrikes on Yemen’s Houthi rebels killed 33 people and wounded 80 others, Houthi-run media said early on Friday, which if confirmed would mark one of the deadliest days of a campaign launched under US President Trump that has involved hundreds of strikes since 15 March. The strikes hit the Ras Isa oil port and […]
U.S. oil prices bounced back to around $62 a barrel on Wednesday afternoon, more than erasing earlier losses after President Trump said he would pause his reciprocal tariffs for most countries for 90 days. The commodity price, an indicator of economic confidence, has swung wildly over the past week, trading as high as $72 a […]
Video | US Stock Market Crash, ‘Black Monday’ Looms?, Trump-Netanyahu Meet, Crude Oil Drops Below $60 NDTV Source link
A view shows disused oil pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau Region, Kazakhstan April 2, 2025. Pavel Mikheyev | Reuters U.S. oil prices dropped below $60 a barrel on Sunday on fears President Donald Trump’s global tariffs would push the U.S., and maybe the world, into a […]
Russia puts cost of Black Sea oil spill at almost US$1 billion Free Malaysia Today Source link
(Bloomberg) — Oil edged lower as traders weighed the first US sanctions over Chinese imports of Iranian crude against a precarious outlook for global growth. Most Read from Bloomberg Brent futures dipped below $72 a barrel, erasing earlier gains, while still set for the biggest weekly gain since January. The US penalized a small Chinese […]