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prices, Oil Patch and Trade War

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Bank of America forecast the global trade war – which has heated up as China and the European Union threaten retaliation – will cut oil demand growth in half this year to 450,000 barrels per day.
From New York Post
Asian and European shares also plunged as investors feared the duties Trump has likened to "medicine" could lead to higher prices, weaker demand and potentially a global recession.
From Reuters

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Oil slumps to $60 a gallon — lowest price since 2021 — as recession fears mount
Oil benchmarks hit their lowest levels since 2021 as investors worried the inflationary risks of tariffs and OPEC’s recent surprise supply hike could cause a surplus.
Oil prices slide 2% to near 4-year low as US trade conflict fuels recession fears
Oil prices slid 2% to a near four-year low on Monday on worries U.S. President Donald Trump's latest trade tariffs could push economies around the world into recession and reduce global demand for energy.
Canadian Oil Patch Enters Trade War With Highest Prices in Years
Canada’s oil patch is entering the trade war with the US backed by the strongest pricing for its crude in four years, giving it a cushion against any potential declines and threatening high costs for American refiners and drivers.
Trump threatens to hike China tariffs further as market plunge continues
U.S. President Donald Trump threatened to further increase tariffs on China on Monday, raising the possibility of further escalation in a trade war that has already wiped trillions of dollars from global markets.
As markets implode, US trading partners puzzle over whether there’s room for negotiations
The impact of U.S. President Donald Trump’s blast of tariff hikes was reverberating across world markets Monday as America’s trading partners puzzled over whether there is room for negotiating better deals.
U.S. crude oil falls below $60 a barrel to lowest since 2021 on tariff-fueled recession fears
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.
U.S. oil prices dip below nerve-wracking $60 threshold with record-high production in the balance
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Trump's Tariff Turmoil Has Oil Prices So Low That It's Not Always Profitable to Drill
Oil prices fell to their lowest level in years on Monday as worries about the reciprocal tariffs President Donald Trump announced last week continued to ripple through global markets.
Oil prices continue to drop, toeing $60 line
The oil selloff extended the dramatic drop in prices seen Friday when prices fell by around 8% to the lowest levels since 2021.
OilPrice.com3d
Oil Prices Tumble on Trump Tariffs and OPEC+ Production Hike
Oil prices experienced a sharp decline this week due to the announcement of U.S. tariffs on trade partners and OPEC+'s decision to significantly increase production, raising concerns about weakened demand and oversupply.
The Motley Fool on MSN8d
Even Though Oil Prices Are Down, These 3 Energy Stocks Have Plenty of Fuel to Continue Growing
Plains All American Pipeline produces very stable cash flow as crude oil passes through its pipeline systems. Chevron's growth plans should boost its cash flow and stock price. Crude oil prices have slumped about 15% over the past year. That has pushed ...
‘Wait, Baby, Wait’: Slumping Oil Prices Reflect Economic Worries
Fears that President Trump’s tariffs could slash global economic growth — and demand for oil — are weighing on the market.
American Energy Dominance Doesn’t Necessarily Mean Producing More
Increasing production to drive prices lower may be good for inflation data, but oil and gas companies must operate above their breakeven price to maintain profitability.
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