News

Oil dives more than 6%, steepest fall in 3 years on tariffs, OPEC+ supply boost
Oil prices swooned on Thursday to settle with their steepest percentage loss since 2022, after OPEC+ agreed to a surprise ...
Wall Street Journal4d
Oil Sinks to Lowest in Three Years on Trade War, OPEC+ Hit
Brent crude plunges 6.6% to $65.49 a barrel, while the U.S. oil gauge WTI trades ... The selloff is also fueled by OPEC+’s unexpected decision to increase oil supply by three times the ...
MarketWatch6d
U.S. oil supplies rise sharply, and trade-war 'angst' may be to blame for a drop in demand
barring supply-side surprises, spark a selloff in oil," Tyler Richey, co-editor at Sevens Report Research, told MarketWatch. That could see U.S. benchmark prices begin to sell off toward the ...
Market Ignored EIA's Oil Supply Surplus Forecast Being Pushed Further Into The Future
EIA's delayed surplus forecast and uncertain oil market fundamentals point to potential price rally. Click to read why oil ...
Higher prices are likely for these 10 grocery items when tariffs hit
A trip to the grocery or liquor store is about to become even more expensive, economists say. From seafood to olive oil, ...
ING Think4d
Oil prices plunge due to tariff-related demand worries and increased OPEC+ supply
Oil prices have sold off heavily as the market deals with a potential demand hit from tariffs and a surprise supply increase ...
What Trump's sweeping tariffs mean for the US economy and you
Trump's sweeping tariffs increase the likelihood of a U.S. recession, analysts told ABC News. Potential wide-ranging price increases will likely deter shoppers, slashing consumer spending and ...
Oil Futures Post Gains in Choppy Session
Crude futures settled higher with the market weighing the impact of potential supply disruptions against the economic impact of U.S. tariffs. WTI settled up 0.4% at $69.92 a barrel and Brent gained 0.
The Motley Fool3d
U.S. Money Supply Recently Did Something Last Witnessed During the Great Depression -- and It's Typically a Harbinger of a Big Move in Stocks
Among the laundry list of economic data points announced monthly, perhaps none was more of an eyebrow-raiser in 2023 than the U.S. money supply ... If the current bull market is extrapolated ...
NBC Chicago4d
U.S. energy secretary's former company crushed by oil sell-off after Trump tariff escalation
The sharp decline marks one of the steepest drops among ... oil prices under a Trump presidency, which promised to unleash American energy drilling. "More supply is going to come, and that's ...
Hosted on MSN4d
A ‘chilling effect’ could come for Houston’s oil industry as tariffs and OPEC push Texas oil to $60
Sweeping tariffs implemented Wednesday may ultimately breathe new life into the U.S. steel industry, but prominent Texas economists warn it will come at a cost to the oil industry. “Why is it OK to ...