- May 29th, 2025
Oil Climbs in Risk-On Mood as Trade Court Blocks Trump’s Tariffs
Oil advanced alongside equity markets after a US trade court blocked President Donald Trump’s global tariffs, deeming them illegal. ›
Oil advanced alongside equity markets after a US trade court blocked President Donald Trump’s global tariffs, deeming them illegal. ›
Oil prices held steady on Wednesday after the U.S. barred Chevron from exporting crude from Venezuela, but an expected decision from OPEC+ later this week to increase production in July capped gains. ›
Oil was steady as the market weighed the prospect for easing trade tensions between the European Union and the US ahead of an OPEC+ meeting that will make a decision on supply policy. ›
Oil headed for its first weekly decline in three, as OPEC+ weighed another bumper production increase that could add supplies into a market already expected to face a glut. ›
Oil declined as OPEC+ members discussed the possibility of another super-sized production increase, raising the prospects of additional output just as demand faces headwinds from the US-led trade war. ›
Europe can secure enough liquefied natural gas to refill storage for next winter at current prices, but the region faces competition for supply should prices fall further, according to Goldman Sachs Group Inc. ›
Oil jumped following a CNN report that new US intelligence suggests Israel is preparing for a potential strike on Iranian nuclear facilities. ›
Oil edged lower after a two-day gain, as the market digested signs that US President Donald Trump is pulling back from his efforts to end the war between Ukraine and Russia. ›
Oil prices slipped on Monday, weighed down by Moody’s downgrade of the U.S. sovereign credit rating and official data that showed a slowdown in the pace of China’s industrial output and retail sales. ›
Oil prices extended declines on Friday under increased supply pressure from an OPEC+ output hike and the prospect of an Iranian nuclear deal, yet are heading for a second consecutive weekly gain due to easing U.S.-China trade tensions. ›