Oil drops, set for weekly fall on tariff worry and rising supplies

Oil Prices Struggle as Oversupply and Trade Tensions Weigh on Market

Oil markets entered April 26, 2025, facing hard realities as persistent oversupply and trade uncertainty drove prices to multi-month lows. Data from major exchanges and agencies show WTI crude at $63.17 per barrel and Brent at $66.87, both posting weekly losses despite a slight uptick into Friday’s close. These figures reflect a market grappling with […]

Low oil prices could have big consequences for Alberta’s finances

From the Fraser Institute By Tegan Hill Amid the tariff war, the price of West Texas Intermediate oil—a common benchmark—recently dropped below US$60 per barrel. Given every $1 drop in oil prices is an estimated $750 million hit to provincial revenues, if oil prices remain low for long, there could be big implications for Alberta’s budget. The Smith government already projects a $5.2 billion budget deficit in 2025/26 with continued deficits over…

Eddy County plans for lower oil prices - Carlsbad Current-Argus

Adrian HeddenCarlsbad Current-Argusachedden@currentargus.com Oil and gas revenue continued to decline for Eddy County as fossil fuel prices dipped nationally amid investor fears of lingering trade… Login to continue reading Login Sign up for complimentary access Sign Up Now Close The post Eddy County plans for lower oil prices appeared first on Carlsbad Current-Argus.

Oil Muted as Trade Talk Buzz Fizzles

Oil prices slipped on Friday, heading for a weekly loss of more than 2%, weighed down by oversupply concerns and ongoing uncertainty surrounding U.S.-China tariff negotiations. The oil markets have seemingly tired of trying to anticipate the next move of US President Donald Trump, with ICE Brent settling within a relatively narrow bandwidth of $66.0-67.5 per barrel this week. Such rangebound trading still represents a fall from a week ago, with …

Oil drops, set for weekly fall on tariff worry and rising supplies

Brent crude futures settled 32 cents higher at $66.87 a barrel, while U.S. West Texas Intermediate crude gained 23 cents to $63.02 a barrel

Oil Updates — crude set for weekly fall amid supply pressure, tariff

LONDON: Oil prices fell on Friday and were set for a weekly decline of over 3 percent on the back of oversupply concerns and uncertainty around tariff talks between the US and China. Brent crude futures were down 82 cents to $65.73 a barrel at 3:15 pm. Saudi time, falling 3.3 percent over the week. US West Texas Intermediate crude was down 81 cents to $61.98 a barrel, a