Oil Retreats as US Tariff Uncertainty Looms, OPEC Set to Raise Output

Oil Prices Set to End the Week With a Modest Gain

Crude oil prices were on course for a modest weekly gain today, buffeted by both headwind and tailwinds, including OPEC+ policy, U.S. job numbers, and anticipation of President Trump’s next move on tariffs. At the time of writing, Brent crude was trading at $68.58 per barrel, with West Texas Intermediate at $66.87 per barrel, both slightly down from Thursday’s close but on course to make a small weekly gain. Earlier in the week, the U.S. Labor D…

Oil retreats as US tariff uncertainty looms, OPEC+ set to raise output

SINGAPORE: Oil prices fell on Thursday after gaining three per cent in the previous session as investors remained wary that higher US tariffs may be reinstated — potentially weakening fuel demand — and as major producers are expected to announce an output hike. © New Straits Times Press (M) Bhd

Oil retreats as US tariff uncertainty looms, OPEC set to raise output

US-GLOBAL-OIL:Oil retreats as US tariff uncertainty looms, OPEC set to raise output

Oil eases on US tariff uncertainty and OPEC+ output expectations

Oil prices slipped on Thursday as the possibility of U.S. tariffs being reinstated raised demand concerns ahead of an expected supply boost by major producers.

Crude Oil Market Falls on US Tariffs Return

By Adedapo Adesanya The crude oil market depreciated slightly on Thursday as investors worried that the US tariffs could slow energy demand ahead of an expected supply boost by major crude producers under the Organisation of the Petroleum Exporting Countries and its allies (OPEC+). The price of Brent crude shed 31 cents or 0.45 per […]

Oil prices ease on US tariff uncertainty ahead of expected Opec+ output boost

Oil prices fell slightly on Thursday as investors worried that US tariffs could slow energy demand ahead of an expected supply boost by major crude producers.