Oil prices climb to 2-week high on supply worries, US tariffs check gains
Oil prices edged up to a two-week high on Tuesday as sanctions raised concerns about Russian and Iranian oil supplies and on rising Middle East tensions, outweighing worries that trade tariffs would boost inflation and dampen global economic growth.
Oil prices fell 1% on Wednesday, ending three days of gains, as industry sources pointed to rising U.S. crude stockpiles and ...
These are standardised products used to determine the prices for all other types. The reference oil traded most frequently and of major significance for the USA is West Texas Intermediate (WTI ...
Neither OPEC nor US shale firms appear willing to increase oil supply, despite President Trump's pledge to bring down energy ...
Oil prices rebounded on Monday despite lingering fears over a potential global trade war after U.S. President Donald Trump's ...
The U.S. Energy Information Administration revealed its latest Brent spot price forecasts for 2025 and 2026 in its February ...
President Trump’s discussions with Putin signal a possible peace deal for Ukraine, which could lead to U.S. sanctions relief.
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Tariffs will lift US gas prices within daysThe tariff on products imported from Canada will cost Americans 15 cents a gallon or more at the gas pump relatively soon.
"Ultimately, we're going to see the seasonal dance: Gas prices are ... "dance" the US will have to do when balancing trade relations with Saudi Arabia and sanctions on Russian oil.
OIL prices climbed about 2 per cent on Tuesday to a two-week high, as sanctions raised concerns about Russian and Iranian oil supplies, outweighing worries escalating trade tariffs would boost ...
U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since December 2023, ...
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