Oil down as US crude inventories swell, traders worry about China-US trade
Oil prices fell more than 2% on Wednesday as a large build in U.S. crude and gasoline stockpiles signaled weaker demand, while worries about a new China-U.S. trade war fueled fears of softer economic growth.
Oil Falls Amid U.S. Crude Build, Trade War Fears
Oil prices slide 2% despite U.S. President Trump reinstating maximum pressure on Iran, as rising U.S. crude inventories and fears of a trade war raise demand concerns. Brent crude is down 1.9% to $74.
U.S. Crude Oil Inventories Surge Much More Than Expected
The Energy Information Administration released a report on Wednesday showing U.S. crude oil inventories shot up by much more than
Oil down amid rising US crude inventories, China-US tariff war
Oil prices fell more than 2% on Wednesday as a large build in U.S. crude and gasoline stockpiles signalled demand weakness while concern about a new China-U.S. trade war fuelled fears of softer economic growth.
U.S. benchmark oil prices end lower as China trade dispute fuels demand concerns
U.S. oil prices on Tuesday gave back most of their gains from a day earlier after the U.S. implemented an additional 10% tariff on Chinese imports and Beijing retaliated with measures of its own, raising concerns over the prospects for demand.
China Tariffs on US Oil Come as Exports Have Sunk From Peak
The first round of Chinese sanctions to hit US oil were received with a whimper, and traders are speculating that the move is unlikely to rattle American exports of crude.
China imposes retaliatory tariffs on US goods including coal, crude oil, and large cars
The Ministry of Finance said it would impose tariffs on coal, liquefied natural gas crude oil, agricultural machinery, large cars, and pickup trucks.
U.S. Crude Oil Stockpiles Rise More Than Expected
U.S. crude oil inventories increased more than expected as production picked up, while the build in gasoline stocks extended ...
Crude Oil Price Outlook – Crude Continues to Look for the Floor
The crude oil market continues to see a lot of choppy noise, but at this point in time, it looks like the market is about to ...
Crude Oil Prices5h
Large Unexpected Crude Build Sinks Oil Prices
Crude oil inventories and gasoline stocks saw larger than expected builds last week, leading to a renewed sell off in oil ...
US and international oil producers are pushing back on the Trump administration's plan to pump more crude
Neither OPEC nor US shale firms appear willing to increase oil supply, despite President Trump's pledge to bring down energy ...
How much crude oil does the US import by country?
U.S. President Donald Trump on Saturday ordered tariffs on Canadian and Mexican imports to address a national emergency over ...
U.S. crude supplies post weekly rise of 8.7 million barrels, pulling oil prices lower
The U.S. Energy Information Administration reported Wednesday that commercial crude inventories climbed for a second week in a row, up 8.7 million barrels for the week that ended Jan. 31, according to ...
India’s crude oil imports from Russia surge 13% in Jan despite latest US sanctions
India imported 1.67 million barrels per day (bpd) of crude oil from Russia—up 13 percent from December 2024—showed data from ...
US imports of Canadian and Mexican crude oil by company
Many U.S. oil refiners rely heavily on imported crude because their facilities are configured to run heavier grades, such as ...
Crude Oil Price Outlook – Crude Oil Continues to Look for Floor After Tariff Spat
The US/Canada tariff spat caused a lot of noise in the oil markets, but at the end of the day, it looks like there isn’t going to be a massive trade war. Because of this, some of the anxiety in the ...
Al Jazeera on MSN5h
Could Canada really stop oil flow to the US in response to Trump tariffs?
Canada, which sends nearly all its crude oil to the US, has little leverage as the US buys most of Ottawa’s products.