- March 6th, 2025
Oil climbs from multi-year low, tariff concerns and rising supply weigh
Oil prices rose on Thursday after heavy sell-offs drove the market to a multi-year low, however tariff uncertainties and a rising supply outlook capped gains. ›
Oil prices rose on Thursday after heavy sell-offs drove the market to a multi-year low, however tariff uncertainties and a rising supply outlook capped gains. ›
Oil held losses after Commerce Secretary Howard Lutnick said the Trump administration could walk back some tariffs on Mexico and Canada, injecting more uncertainty into global markets. ›
Oil prices extended losses on Tuesday following reports that OPEC+ will proceed with a planned output increase in April and as markets braced for the start of U.S. tariffs on Canada, Mexico and China, as well as Beijing’s retaliatory tariffs. ›
European natural gas jumped after US and Ukrainian leaders sparred on Friday, throwing into doubt recent efforts to reach a deal with Russia on ending the war. ›
Oil was steady at the start of the week as traders weighed the outlook for Russia’s war in Ukraine ahead of President Donald Trump’s tariffs on US trading partners, which will likely lead to retaliatory measures. ›
European natural gas is ending February with the biggest decline in a year and record trading volumes as market players adjust their outlooks after a tumultuous month. ›
Oil prices eased on Friday as they headed for their first monthly drop since November, dragged lower by uncertainty over global economic growth and fuel demand given Washington’s tariff threats and signs of a U.S. economic slowdown. ›
Oil steadied near the lowest close this year, with tariff threats from US President Donald Trump and supply issues in focus. ›
Oil in New York steadied after sinking back into the $60s-a-barrel range as a souring economic outlook threatened prospects for energy demand and spurred investors to shun risk assets including crude. ›
Oil gained as the US issued fresh sanctions on Iranian oil, and US President Donald Trump signaled trade tariffs were still on the cards. ›