Oil futures prices dropped further on Thursday as investors remained cautious about trading while the trade dispute between United States President Donald Trump and China, the largest oil consumer globally, continued to intensify.Also, China's 84% reciprocal tariffs on American goods became...
Crude oil prices continued to lose ground on Thursday, with West Texas Intermediate plummeting over 3%.Investors' optimism vanished after Chinese retaliatory tariffs on US imports entered into force, raising concerns about likely weaker demand. Additionally, Chinese officials accused the US...
Crude oil prices fell by more than 1% on Thursday after China's retaliatory tariffs on goods from the United States took effect, bringing the possibility of a drop in demand. Meanwhile, US President Donald Trump maintained tariffs against China while pausing most levies on the rest of the world for 90...
Crude oil prices rebounded sharply on Wednesday, climbing more than 4% as recession fears eased and the outlook for energy demand improved. The upturn followed US President Donald Trump's announcement to delay retaliatory tariffs for most nations during the next 90 days, which stabilized...
Commercial crude oil inventories in the United States, not taking into account those in the Strategic Petroleum Reserve, were up by 2.6 million barrels to 442.3 million barrels in the week ending April 4, the Energy Information Administration (EIA) revealed in its report on Wednesday.The country's...
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