Oil prices fall
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The Wall Street Journal |
Oil prices continued to climb in late trading Wednesday, with benchmark U.S. crude futures rising to about $63 a barrel.
Reuters |
Oil prices fell to a four-year low on Wednesday while several commodities, including coffee, tumbled as the trade war between China and the U.S. intensified.
Reuters |
However, the escalating trade war between China and the U.S. continued to pressure oil prices, analysts said.
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Keystone oil pipeline shut
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Newsweek |
The cause of the rupture and the total volume of oil released after the North Dakota spill remain unclear, officials said.
inforum |
The Keystone Pipeline has spilled oil into a field near Fort Ransom.
ABC |
The Pipeline Safety Trust advocacy group said that a 2021 report by the Government Accountability Office concluded that preventable construction issues contributed to more spills on the Keystone pipe...
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U.S. crude oil stockpiles rose last week as imports increased and exports fell to their lowest since January, while gasoline and distillate inventories drew down, the Energy Information Administration said on Wednesday.
“China’s 50,000 bpd to 100,000 bpd of oil demand growth is at risk if the trade war continues for longer, however, a stronger stimulus to boost domestic consumption could mitigate the losses,” Rystad Energy’s vice president for oil commodity markets, Ye Lin, told Reuters this week.
WTI crude oil (CLK25) today is down -5.34 (-7.45%), and May RBOB gasoline (RBK25) is down +0.1820 (-7.80%). Crude oil and gasoline prices today plunged to 3-week lows on concern that President Trump’s harsher-than-expected reciprocal tariffs will ignite a trade war that derails the global economy and energy demand.
Oil prices fell to negative territory after rising by a dollar in post-settlement trade on Wednesday as U.S. President Donald Trump announced reciprocal tariffs on trading partners, stoking concerns that a global trade war may dampen demand for crude.
Oil prices are looking to finish the week in the green, with the pessimism that dominated the markets in the early part of the year beginning to dissipate.
Because the supply of crude oil is limited but demand is constantly increasing, the price of oil is also continuously rising. Because crude oil is needed to manufacture other primary materials ...
The Bloomberg Commodity Spot Index's 2025 gain of about 8% until March 28 is due to strong metals performance, but may be vulnerable if the US stock market keeps falling.
Crude oil and gasoline prices plunged to 3-week lows on Thursday due to concern that President Trump’s harsher-than-expected reciprocal tariffs would ignite a trade war that derails the global ...
The oil sell-off took a leg lower after Beijing announced retaliatory tariffs of 84% on U.S. goods in response to Trump's levies.