Oil prices rose nearly 2% on Wednesday to a two-week high amid concerns over global supply following new U.S. sanctions on Chinese importers of Iranian oil. Brent crude futures settled up $1.18, or 1.8%, at $65.85 a barrel, while U.S. West Texas Intermediate (WTI) crude gained $1.14, or 1.9%, to $62.47. The U.S. imposed sanctions […]
Oil prices settled slightly lower on Tuesday as markets grappled with ongoing uncertainty surrounding U.S. President Donald Trump’s shifting tariff policies and the potential fallout for global economic growth and oil demand. Brent crude futures slipped 21 cents, or 0.3%, to settle at $64.67 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 20 […]
Oil prices settled slightly higher on Monday, supported by U.S. tariff exemptions on some electronics and a rebound in China’s crude imports, though gains were limited by persistent concerns over the broader impact of the trade war. Brent crude futures closed up 12 cents, or 0.2%, at $64.88 per barrel, while U.S. West Texas Intermediate […]
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“Any man is liable to err, only a fool persists in error.” -Marcus Tullius Cicero Jobs Update Stocks closed higher on Friday of last week and higher week over week The DOW closed higher on Friday of last week, up 619.05 points (1.56%) and closing out the week at 40,212.71, up 1,897.85 points week-over-week. The S&P […]
Brent crude futures climbed $1.43, or 2.26%, to settle at $64.76 a barrel, while U.S. West Texas Intermediate (WTI) crude finished up $1.43, or 2.38%, at $61.50. The prospect of a significant reduction in global oil supply from stricter enforcement of sanctions on Iranian crude added upward momentum to prices, which have been volatile throughout […]
Oil prices dropped sharply on Thursday, giving back the gains from the previous session, as investor optimism over a brief pause in sweeping U.S. tariffs faded and attention turned back to the escalating trade war between Washington and Beijing. U.S. West Texas Intermediate (WTI) crude futures fell $2.28, or 3.7%, to settle at $60.07 per […]
Oil prices rebounded sharply on Wednesday, climbing over 4% after hitting four-year lows earlier in the session, following President Trump’s announcement of a 90-day pause on tariffs for most countries—though he hiked the rate on China to 125%, effective immediately. This came on the same day the previously announced 104% tariff on Chinese goods took […]
Oil prices continued their decline on Tuesday, falling to fresh four-year lows as escalating trade tensions between the U.S. and China deepened recession fears, overshadowing a rebound in equity markets. Brent crude settled at $62.82 a barrel, down $1.39 or 2.16%, while U.S. West Texas Intermediate (WTI) fell $1.12, or 1.85%, to close at $59.58. […]
Oil prices slid 2% on Monday, settling at their lowest levels since April 2021, as escalating global trade tensions fueled fears of a recession and weakened expectations for energy demand. Brent crude fell $1.37, or 2.1%, to settle at $64.21 a barrel, while U.S. West Texas Intermediate (WTI) dropped $1.29, or 2.1%, to $60.70. Both […]