US stocks end lower, crude gains as Trump-Musk row distracts from trade talks, data. Stephen Culp . Wed, Jun 4, 2025, 10:32 PM 5 min read. In This Article: ^GSPC . By Stephen Culp.

The flow of oil from the world’s biggest producer to its largest importer is set to thin to virtually zero as a trade war between the two powerhouse economies escalates.

Korea imported Canadian crude oil for the first time since U.S. President Donald Trump returned to the White House in April, bringing in 548,000 barrels for a cost of $82.3 million.

US stocks end lower, crude gains as Trump-Musk row distracts from trade talks, data Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 4, 2025.

Crude oil prices have dropped to their lowest level in four years after President Donald Trump announced tariffs on U.S. trading partners, which will benefit consumers nationwide at the gas pump ...

Trump did not specifically bring up China in the statement. But the country’s imports of Iranian crude oil reached a record 1.8 million barrels per day in March, according to Vortexa, an energy ...

Chevron Corp.’s investor payouts are under pressure, with analysts expecting the oil major to trim its buyback six per cent after the price of a barrel of crude plunged into the US$60s. All of the ...

U.S. crude oil inventories fell by 2.8 million barrels, exceeding estimates for a drop of 600,000 barrels. Inventories fell by 2.8 million barrels. Analysts had predicted crude stockpiles would ...