Oil prices set for third straight weekly fall on tariff concerns
Oil prices finished with daily gains on Friday (Feb 7) after new sanctions were imposed on Iran’s crude exports, but prices were down for the week as investors worried about US President Donald Trump’s renewed trade war on China and threats of tariffs on other countries.
The scenario for Brent crude oil at $60-$65 per barrel through 2H just got stronger, Citi Research’s Francesco Martoccia said in a research report.
Citi also suggested the White House may act to increase U.S. capital expenditures following the Senate confirmation of oil industry executive Chris Wright as energy secretary. The report said every 1 ...
Global benchmark crude oil prices fell today, Feb. 5, amid expectations of US inventories rising and the continued trade ...
Crude oil inventories and gasoline stocks saw larger than expected builds last week, leading to a renewed sell off in oil ...
Oil prices rose marginally in early Asian trade on Friday but were on track for a third straight week of decline, hurt by U.S ...
The crude oil market continues to see a lot of choppy noise, but at this point in time, it looks like the market is about to try to recover.
"Despite the 'energy emergency' claims, the US is producing energy in record quantities," JPMorgan Asset Management wrote.
Oil prices fell more than 2% on Wednesday as a large build in U.S. crude and gasoline stockpiles signaled weaker demand, ...
The crude oil market is somewhat positive in the early hours of Thursday, but we have the inventories number, and the jobs number over the next 24 hours that could move things.
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