Oil prices dip as traders brace for Trump tariffs and potential disruptions to global supply
OPEC+
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Oil prices remain steady as Ukraine peace talks and supply disruptions impact global markets. Traders monitor OPEC+ production decisions and U.S. crude inventories.
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OPEC+ denies speculation about postponing its April oil supply hike, with Russia confirming production increases remain on schedule.
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OPEC+ faces a tough decision on easing production cuts as non-OPEC oil growth, especially from the U.S., complicates the group’s strategy
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Oil prices are steady despite a surprise gasoline stock build and concerns about Federal Reserve rate cuts, while OPEC+ considers output delays
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KEY POINTS OPEC+ may delay its planned oil production increase in December due to concerns over weak demand and rising supply, four sources close to the matter told Reuters on …
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Shares of U.S. energy companies surged Wednesday as oil prices rose 3 percent following increased tensions in the Middle East, affecting market stability.
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OPEC+ keeps its current oil output policy unchanged, hinting at a possible pause or reversal of planned production hikes in October to stabilize the market.
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Oil prices rose on Thursday due to a significant drop in U.S. crude and gasoline inventories, indicating robust demand and a tighter supply environment.
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Oil prices surged on Thursday, fueled by a surprise draw in US crude oil inventories and speculation of a potential interest rate cut by the Federal Reserve. However, geopolitical tensions …