U.S. oil prices dropped below $60 a barrel on Sunday as the global market sell-off on recession fears fueled by President Donald Trump’s tariffs escalated.
Crude oil prices have witnessed a sharp decline, dropping nearly $10 per barrel in just one week, following the Trump ...
Dubai Oil markets witnessed a significant downturn as Brent crude, the global benchmark, tumbled over 13% in two days, settling just above $66 per barrel. This sharp decline follows the dual impact of ...
Good afternoon and happy Friday, readers! All eyes remain on the global selloff of oil today, with prices hitting their ...
Fears that China's tariff retaliation against the U.S increases the probability of a global recession is hitting commodity prices hard. U.S. West Texas Intermediate oil futures are down nearly 8% to ...
Oil prices slid Friday to their lowest levels in nearly four years. A plan to increase supply by the Organization of the ...
The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.
The West Texas Intermediate for May delivery decreased by 4.96 U.S. dollars, or 7.41 percent, to settle at 61.99 dollars a barrel on the New York Mercantile Exchange. Brent crude for June delivery ...
West Texas Intermediate crude, the key U.S. benchmark, dropped as low as US$60.45 per barrel today, recovering some ground by ...
West Texas Intermediate (WTI), futures on NYMEX, continues to face a bloodbath as the announcement of reciprocal tariffs by United States (US) President Donald Trump has prompted global economic risks ...
Favorable oil prices are aiding EOG. However, as an upstream company, it is highly exposed to extreme volatility in commodity prices.
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