Oil up but set for weekly fall under supply pressure

Oil up but set for weekly fall under supply pressure

Oil prices were set for a weekly decline of nearly 2% on the back of oversupply concerns and uncertainty around tariff talks between the US and China.

Crude oil logs weekly decline on OPEC+ supply, US-China trade talks; Brent at $66, WTI down 3% in 5 days

Source: Live Mint Oil prices edged higher on Friday but posted a weekly decline, under pressure from market expectations of oversupply and uncertainty around tariff talks between the U.S. and China. Brent crude futures settled 32 cents higher at $66.87 a barrel, taking losses to 1.6% over the week. U.S. West Texas Intermediate crude gained 23 cents to $63.02 a barrel, marking a weekly decline of 2.6%. China exempted some U.S. imports from its…

Slight Increase in Global Oil Prices - Jordan News | Latest News from Jordan, MENA

Global oil prices rose slightly on Saturday at the close of trading but recorded weekly losses due to market pressures stemming from expectations of an oversupply.

Crude Oil Market Grows Amid Tariffs, Oversupply Pressures

By Adedapo Adesanya The crude oil market edged higher on Friday despite pressures from market expectations of oversupply and uncertainty around tariff talks between the US and China. Brent crude futures grew by 32 cents to settle at $66.87 a barrel, and the US West Texas Intermediate (WTI) crude futures gained 23 cents to sell […]

Oil posts weekly fall on tariff worry and rising supplies

Oil prices edged higher on Friday (Apr 25) but posted a weekly decline, under pressure from market expectations of oversupply and uncertainty around tariff talks between the US and China.

SLB Sees Short-Term Softening, Long-Term Rebound in Oil & Gas

SLB Ltd. says customers are likely to behave cautiously amid global trade concerns this year, but the future looks brighter in the long term.