Crude Caught in Crossfire of OPEC+ Discord and Tariff Shocks

Crude Caught in Crossfire of OPEC+ Discord and Tariff Shocks

While U.S. stock markets rallied on news of possible tariff reductions on China, oil prices fell as market sentiment soured over demand uncertainty and geopolitical volatility.

Oil Climbs on Physical Market Strength, Trade Talk Optimism

Oil rose as producers’ promises to keep output growth in check added to signs of the physical market’s strength and a potential easing in trade tensions between the…

Why oil prices keep crashing even as Trump's trade war pivot eases demand fears

An oil pump jack on a well site leased by Devon Energy near Guthrie, OklahomaNick Oxford/ReutersUS oil prices are down over 22% since hitting a peak in January.Oil markets have suffered amid trade war and recession uncertainty.OPEC+ is discussing plans to boost oil output in June.Easing trade tensions have revived momentum among stock market investors, but the same can't be said for oil.Crude markets on Wednesday seemed to dismiss a White House …

Crude Falls Despite Trade Talk Optimism

Oil dropped over 2% as reports of accelerated OPEC output overshadowed easing US-China trade tensions.

Crude Prices Fall on Fears of Global Oversupply

June WTI crude oil (CLM25 ) Wednesday closed down -1.40 (-2.20%), and June RBOB gasoline (RBM25 ) closed down -0.0165 (-0.79%). Crude oil and gasoline prices on Wednesday fell back from 2-1/2 week highs and settled moderately lower. Wednesday's stronger dollar is bearish for energy prices. Crude also came under...

Brent crude oil (the world reference) due in June fell by 1.95% and WTI (the American benchmark) with delivery scheduled for the same month fell by 2.20%